Motivo, Inc., a San Francisco, CA-based developer of AI-enabled chip design and data analytics solutions, raised $12m in Series A financing.
The round was led by Intel Capital, along with other new investors Storm Ventures and Seraph Group as well as participation from Inventus Capital and other existing investors that include multiple IC industry C-suite executives.
The company plans to use the funds to scale the business and double the team within the next 12 months.
Led by Bharath Rangarajan, CEO, Motivo is a developer of AI-enabled chip design and analytics solutions. With offices in Palo Alto, Austin & Singapore, the company leverages proprietary technologies to accelerate chip design utilizing an innovative learning-on-graph methodology for automated data-driven feature extraction. Motivo’s M-Graph™ and other core, explainable AI technologies can be applied across the entire design flow, from RTL code to layout geometries, thereby improving time to market, increasing yield, and reducing costs. The solution integrates available data from design and yield diagnostics and uses machine learning to identify issues.