{"id":130790,"date":"2024-05-31T10:01:52","date_gmt":"2024-05-31T03:01:52","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=130790"},"modified":"2024-05-31T10:01:57","modified_gmt":"2024-05-31T03:01:57","slug":"xtimes-da-raises-series-b-round","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/xtimes-da-raises-series-b-round\/","title":{"rendered":"XTIMES-DA Raises Series B Round."},"content":{"rendered":"\n

X-Times Design Automation Co., LTD (\u201cXTIMES-DA\u201d), today announced that it has\u00a0 closed a Series B funding round. The round was led by NRL Capital, an investment and fund\u00a0 management platform, and Vertex Growth, a leading growth-stage venture capital fund.\u00a0<\/p>\n\n\n\n

With rapid advancements in artificial intelligence (AI), smart cars, 5G and cloud computing, growing  demands for EDA are on the rise. The strategic investment aims to propel XTIMES-DA\u2019s advanced  EDA products and high-end digital chip design solutions to the next level to fulfil the evolving  industry demands. XTIMES-DA will use this funding to strengthen their organisational capabilities  by hiring more elite EDA talents, expand its R&D capabilities, enhance product development, and  fuel new market entries. <\/p>\n\n\n\n

Tony Zhang<\/strong>, Partner of NRL Capital, said, \u201cWe recognise the importance of sustainable growth\u00a0 in the industrial ecosystem. As an emerging leader in the industry, XTIMES-DA has successfully\u00a0 produced competitive and outstanding products that rival their international peers within a short\u00a0 period of time. Additionally, their solution has been commercially recognised by leading domestic\u00a0 chip design companies, highlighting the industry\u2019s potential. We believe our participation will\u00a0 further foster growth and innovation in this sector.\u201d\u00a0<\/p>\n\n\n\n

James Lee<\/strong>, Managing Partner of Vertex Growth, <\/strong>said: \u201cTechnology is only as good as the\u00a0 people behind it. What deeply impressed us was XTIMES-DA\u2019s progressive research and\u00a0 development concepts driven by a team with excellent capabilities to turn concepts into tangible\u00a0 results. XTIMES-DA\u2019s EDA products, combines cloud computing and machine learning to provide\u00a0 quality digital chip design solutions which significantly improve the eViciency of chip design for a\u00a0 wide range of applications. Upon witnessing XTIMES-DA early developments, we are convinced of\u00a0 their immense potential to become a leading player in the industry.\u201d\u00a0<\/p>\n\n\n\n

Regarding their latest fundraise, Shi Haiyong, Founder and CEO of XTIMES-DA, <\/strong>said, \u201cFor a tech company to achieve this level of success in 3 years is no easy feat. I am immensely proud of\u00a0 my team\u2019s focus and dedication in developing products that meet the needs of our customers. Our\u00a0 growing customer base and recognition from top chip designers and manufacturing companies are testaments to our commitment in producing excellent solutions. With the support of NRL Capital and Vertex Growth, we are confident in accelerating innovation to achieve greater results and\u00a0 breakthroughs.\u201d<\/p>\n\n\n\n

XTIMES-DA\u2019s industry-leading products <\/h3>\n\n\n\n

Founded in October 2020, XTIMES-DA seeks to solve the challenges of eVicient and rapid digital  chip design by providing cutting-edge digital back-end EDA products and digital implementation  solutions. Driven by the increasing need for complex functions of smart devices and the rapid  development of advanced manufacturing processes, sophisticated EDA platforms are starting to  play a crucial role in technological advancement and innovation. XTIMES-DA\u2019s focus on  independent R&D of EDA products and high-end digital chip design solutions significantly  enhances chip design eViciency, enabling one-time rapid mass production of chips.  <\/p>\n\n\n\n

XTIMES-DA\u2019s current product lineup includes AmazeSys, a digital placement and routing tool;  AmazeECO, a one-stop Engineering Change Order (ECO) tool; AmazeFP, an automated floorplan tool; AmazeFP-ME, an AI-enhanced automated floorplan tool; AmazeDRCLite, a fast closure tool  for Design Rule Check (DRC); and other digital back-end EDA products. Additionally, the company  oVers IndustrialLM, an industrial software license management platform. By combining distributed  computing and machine learning technologies with EDA tools, their solutions place a strong  emphasis on technical innovation. At the fundamental architectural level, XTIMES-DA seeks to  improve product intelligence, eViciency, reliability and ease of use. <\/p>\n\n\n\n

XTIMES-DA has also earned industry recognition for its excellence by receiving prestigious awards  such as the ‘2023 China IC Design Awards – Breakthrough EDA Technology Company ‘ in March  2023.  <\/p>\n\n\n\n

This year, the company further solidified its reputation by winning the ‘2024 China IC Design Awards – Innovative EDA Company’ and being listed as a top 10 EDA company on the China IC Design\u00a0 Fabless 100 ranking released by AspenCore Shanghai.\u00a0<\/p>\n\n\n\n

Google\u2019s US$2 Billion Investment to Power Malaysia\u2019s Digital Future.<\/a><\/p>\n\n\n\n

Thailand needs more creators to cultivate digital ecosystem, says Huawei executive.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

X-Times Design Automation Co., LTD (\u201cXTIMES-DA\u201d), today announced that it has\u00a0 closed a Series B funding round. The round was led by NRL Capital<\/p>\n","protected":false},"author":8,"featured_media":130791,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[26676,26675],"class_list":["post-130790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-en","tag-x-times-design-automation","tag-xtimes-da"],"yoast_head":"\nXTIMES-DA Raises Series B Round. - The Story Thailand<\/title>\n<meta name=\"description\" content=\"X-Times Design Automation Co., LTD (\u201cXTIMES-DA\u201d), today announced that it has\u00a0 closed a Series B funding round. 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