ChipAgents, the pioneering agentic AI platform transforming chip design and verification, has successfully closed a $21 million Series A funding round, increasing its total capital raised to $24 million. The round was led by Bessemer Venture Partners, with strategic support from industry leaders including Micron, MediaTek, Ericsson, and other top semiconductor companies. Additionally, notable angel investors and new advisors Wally Rhines, Raúl Camposano, and Jack Harding participated, alongside existing backers ScOp Venture Capital (Ivan Bercovich) and Amino Capital, fueling the company’s expansion in product development, customer acquisition, and strategic industry partnerships.

ChipAgents aims to integrate AI directly into chip design and verification, empowering engineers with tools that simplify complex hardware development, accelerate workflows, and dramatically boost productivity. Although chips form the backbone of today’s digital world, their design and verification processes remain slow, expensive, and labor-intensive. By reimagining these workflows with AI, ChipAgents shortens design cycles, accelerates innovation, and helps semiconductor companies deliver breakthroughs that will define the next decade of technology.

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“Electronic design automation (EDA) has powered decades of semiconductor progress, but today’s engineers still struggle with fragmented toolchains, steep costs, and workflows that haven’t kept pace with rapidly growing chip complexity,” said Founder and CEO, Professor William Wang. “As designs scale, productivity gains have slowed and verification remains highly manual. Our vision is to change that. With ChipAgents, we’re introducing a unified agentic AI platform designed to automate routine tasks, accelerate design and verification, and enable AI-native workflows that help engineers focus on innovation rather than repetitive effort.”

Since its seed round, ChipAgents has experienced a staggering 6,377% surge in monthly usage in the first half of 2025. Leveraging agentic AI, engineers can now accelerate RTL code generation, testbench creation, debugging, and verification through intuitive, language-based commands. Consequently, the platform reduces time-to-market, cuts costs, and establishes a new benchmark for productivity in chip development. Across independent teams, ChipAgents achieves 80% higher verification productivity compared to industry norms and is deployed at 50 leading semiconductor companies, generating a remarkable 50x YoY growth in annual recurring revenue at the start of its second year.

“ChipAgents has demonstrated itself as having the best product in the market that does AI-powered RTL design, debugging, and verification for chip developers,” said Lance Co Ting Keh, Venture Partner at Bessemer Venture Partners. “We’re impressed by Professor William Wang’s deep technical expertise and the exceptional team of AI and hardware design experts he’s assembled. ChipAgents’ agentic approach to AI chip design integrates seamlessly across the entire chip design workflow, bringing together disparate EDA tools from spec ingestion to waveform analysis, which we believe is the right way to tackle this complex, multi-step process. The feedback from customers and technical experts validates that ChipAgents isn’t just automating individual tasks, but creating a true force multiplier for hardware design engineers.”

“Micron Ventures supports bold AI companies led by visionary founders developing transformative technologies. ChipAgents’ mission to reinvent chip design through AI agents aligns closely with our focus, especially as chipmakers require faster, more intelligent design solutions to meet the accelerating demands of AI hardware. At this pivotal inflection point, ChipAgents presents a high-impact opportunity to invest in the future of semiconductor development,” said Henry Huang, Investment Director at Micron Ventures.

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In addition, ChipAgents strengthened its leadership by forming a world-class advisory board comprising semiconductor veterans Wally Rhines, Raúl Camposano, Jack Harding, and Erez Tsur, along with founding advisor Dr. John Bowers. These luminaries bring decades of experience in scaling companies that have defined the EDA landscape.

“ChipAgents demonstrates the major impact that AI can have on the full range of integrated circuit design tasks,” said Wally Rhines. “I’ve met with three major semiconductor companies that have done competitive assessments of AI-based design solutions, and ChipAgents is the number one choice at all three.”

“ChipAgents is pioneering a new era in semiconductor design, where AI and engineering expertise converge for smarter solutions. The implications for the semiconductor industry are nothing short of transformative, and I’m excited to support their mission,” said Raúl Camposano.

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