Chip Path Design Systems, a Cupertino, Calif.-based company that focuses on a new area it calls Semantic-IC Design, aimed at innovating how companies design ICs (Integrated Circuits), has secured $3m in a Series A funding round.
Investors include Scientific Ventures, Lanza techVentures, and Xilinx Corporation.
Led by Electronic Design Automation (EDA) pioneer George Janac serving as CEO and Chairman, Chip Path Design Systems intends to use the capital to accelerate the building of distribution channels and market delivery of products.
In conjunction with the funding, Mark Templeton, managing partner of Scientific Ventures, will join the company’s board of directors along with Lucio Lanza, managing partner of Lanza techVentures.
Chip Path Design Systems is dedicated to the merging of Electronic Design Automation and Semiconductor IP. Targeting the front-end process from specification through IP-Assembly to Physical Planning, it delivers Architectural Design tools based on Semiconductor-IP for new ASIC designs as well as for compilation onto existing FPGA and ASSP devices.