ChipAgents Raises $21m to Support Development of AI Chip

AI chip design startup ChipAgents has raised $21 million in an oversubscribed Series A funding round, seeing participation from Bessemer Venture Partners, Micron, MediaTek, and Ericsson, in addition to unnamed semiconductor companies.

In addition to closing the funding round, ChipAgents has also added a number of chip industry veterans to its advisory board, including Wally Rhines, former CEO of Mentor Graphics (now Siemens EDA); Raúl Camposano, former CTO of Synopsys; Jack Harding, former CEO of Cadence; and Erez Tsur, former CEO of Cadence Israel.

“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.”