Khai-long Electronics Raises Hundreds of Millions of Yuan in Series A Funding Led by Xingcheng Capital and Intel Capital
Khai-long Electronics, a leading EDA company in China that provide advanced device modeling and fast circuit simulation today announced it has completed a hundreds-of-millions-of-Yuan Series A round of financing. Xingcheng Capital and Intel Capital led the investment round. The investment will help the company aggressively accelerate product and solution development aimed at in-depth linkage of IC design and manufacturing as well as expand sales and marketing efforts worldwide.
Xingcheng Capital and Intel Capital invest in early stage technology startups that possess strong technical strength and good market prospect, with many notable investments such as AMEC, which last year completed its IPO on the Shanghai Stock Exchange, STAR Market.
The Series A financing builds on an exceptional year for Khai-long which saw rapidly growing of revenue three consecutive years, acquisition of PDA, and market momentum in the white-hot field of EDA. Khai-long Electronics’ customer roster includes almost all world-leading foundries and design companies such as TSMC, GlobalFoundries, Samsung, and Micron among many others.
“Khai-long is the most promising company and also the most anticipated company to Xingcheng Capital in the semiconductor industry.” said Xiaojun Chen, Chairman of Xingcheng Capital, “We believe that this investment can accelerate the application and expansion of Khai-long world-renowned products and solutions to the booming Chinese market. We are excited to collaborate with and support Khai-long as it gives impetus to more and more chip companies.”
With the continuous improvement of semiconductor technology, the function and architecture of chips are becoming increasingly complicated. We hope that Khai-long high-end EDA tools can play a key role in accelerating chip design and improving fabrication yield, thus allow the semiconductor industry to continue pushing forward Moore's law and create more powerful and diverse products. " said Wang Tianlin, Intel Capital Managing Director & China Country Manager.
“We are very honored to be recognized by Xingcheng Capital, Intel Capital and other investors. It is a new milestone of Khai-long.” said Khai-long CEO Zhihong Liu. “As the support of chip design process, EDA needs innovation and breakthrough in conception. We will emphasize on the industrial pain points, accelerate the in-depth collaboration between the development of advanced technology and the design of high-end chips, especially all kinds of memory, complement with the existing mainstream EDA process, and launch world-leading innovative EDA products and solutions. At the same time, we will focus on talent introduction and strengthen resource integration, cooperate with our strategic partners and customers, promote domestic EDA innovations, and boost the vigorous development of IC industry.”
Khai-long delivers Electronic Design Automation (EDA) solutions with the mission to enhance the link between design and manufacturing. As the leading provider of nano-scale SPICE modeling, giga-scale SPICE simulation and design for yield (DFY) applications, it provides the industry's golden SPICE modeling platform, the first and only GigaSpice simulator, and the only integrated DFY design platform.
About Xingcheng Capital
Xingcheng Capital focuses on the semiconductor industry investment. It has made extensive and in-depth investments to wafer factories, EDA and IP, design companies, high-end core equipment and materials in China. It is not only an important investor of many leading enterprises in the industry, but also helps many start-ups thrive. Xingcheng Capital takes root in the industry, actively integrates various resources to empower companies, and commits to promote the innovation and progress of China's semiconductor industry.
About Intel Capital
Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, data center and cloud, 5G, next-generation compute and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.9 billion in more than 1,582 companies worldwide, and 692 portfolio companies have gone public or participated in a merger. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000.