AI chip design startup ChipAgents has raised $21 million in an oversubscribed Series A funding round.

The fundraising saw participation from Bessemer Venture Partners, Micron, MediaTek, and Ericsson, in addition to unnamed semiconductor companies.

The startup will use the funds to support the expansion of product development, customer acquisitions, and strategic industry partnerships.

Founded in 2024, ChipAgents said it saw a 6,377 percent increase in monthly usage of its platform in the first half of 2025. The company’s offering claims to use agentic AI to accelerate RTL code verification, debugging, and design optimization, with its customers achieving 80 percent higher productivity in verification compared to standard industry practices.

To date, 50 “leading semiconductor companies” have deployed ChipAgents’ platform, the startup said.

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.”