ChipAgents
Category: AI Agents
An agentic AI platform that assists hardware engineers in chip design and verification, accelerating RTL design and verification by 10x ChipAgents was founded in 2024. The company is led by William Wang. Based in Santa Clara, United States. Team size: 11-50. Total funding raised: $74M. Latest round: Series A. Key investors include Matter Venture Partners, Bessemer Venture Partners, Micron Ventures, MediaTek, Ericsson, ScOp Venture Capital, Amino Capital.
- Founded
- 2024
- Headquarters
- Santa Clara, United States
- Team size
- 11-50
- Total funding
- $74M
Value proposition
Boost RTL (Register Transfer Level) design and verification productivity by up to 10x, significantly accelerating the chip development lifecycle while reducing debugging time from days to minutes
Products and solutions
ChipAgents Platform: AI agent-based environment for chip design, verification, and debugging, Spec-to-RTL Generator: Converts natural language specs to synthesizable Verilog/SystemVerilog, Waveform Agent: Analyzes simulation files for bug detection and root cause analysis, CoverAgent: Identifies coverage gaps and generates UVM testbenches
Unique value
Pioneering an AI-native, agentic approach to Electronic Design Automation (EDA), moving beyond traditional tools by using AI agents to understand design specifications and automate complex design and verification tasks
Target customer
Hardware engineers, semiconductor companies, fabless firms, and design services
Industries served
Semiconductor, Electronic Design Automation (EDA), Hardware Engineering
Technology advantage
State-of-the-art 97.4% pass rate on NVIDIA's VerilogEval benchmark, 12x faster bug resolution compared to human engineers, unified agentic AI platform that integrates with existing EDA workflows
How they differentiate
AI-native approach employing agentic AI to automate and accelerate chip design and verification, 10x productivity improvement, natural language to RTL conversion, autonomous debugging capabilities
Main competitors
Cadence Design Systems, Synopsys, Siemens EDA
Key partnerships
NVIDIA Inception Program, 80+ leading semiconductor companies using the platform, Partnerships with major EDA tool vendors, Matter Venture Partners (TSMC-backed) as lead investor, Wen Hsieh joined Board of Directors, Sandeep Bharathi (President Data Center Group at Marvell) joined Advisory Board
Notable customers
80+ leading semiconductor companies, Major fabless semiconductor firms, Design service companies
Major milestones
Successfully raised $21M Series A funding round (October 2025), Previously secured $3.09M Pre-Seed round (October 2024), Achieved 97.4% pass rate on NVIDIA's VerilogEval benchmark, Deployed at 80+ leading semiconductor companies, Launched ChipAgents RCA: first fully autonomous multi-agent Root Cause Analysis system, Featured in industry roundtables alongside Synopsys, Cadence, and Siemens, Raised $50M Series A1 led by Matter Venture Partners, total funding $74M (February 2026), Achieved 140x YoY ARR growth, Relocated HQ to Santa Clara, CA, Wen Hsieh (Matter Venture Partners) joined Board of Directors
Growth metrics
140x YoY ARR growth, 80+ leading semiconductor companies deployed, 97.4% pass rate on NVIDIA VerilogEval benchmark
Market positioning
Innovative disruptor in the mature EDA market, positioned as the first agentic AI platform for chip design and verification
Geographic focus
Global focus with headquarters in Santa Barbara, California, targeting worldwide semiconductor industry
Patents and IP
No specific patents publicly disclosed
About William Wang
Professor at UC Santa Barbara, Director of the Natural Language Processing Group and Center for Responsible Machine Learning. Previously shipped Amazon Q at Amazon AWS Bedrock (2022-2024). PhD from Carnegie Mellon University with ~250 papers in AI, machine learning, and NLP.
Official website: https://chipagents.ai