Vinci raises 250 million at 1.5 billion valuation
Software startup Vinci secured 250 million dollars in a funding round led by Advent, Temasek and Xora Innovation. The company reaches a 1.5 billion dollar valuation and plans to expand its physics simulation software for chip and hardware designers.
Xurve View
Insights:
Xurve View
Software startup Vinci raised $250 million on Tuesday morning at a $1.5 billion valuation to expand its chip design simulation software. The Palo Alto, California-based firm enters a growing market dominated by established players like CADENCE DESIGN SYS INC and SYNOPSYS INC in the United States. Investors are backing the 70-person startup as artificial intelligence chips generate intense thermal challenges that require advanced physics simulation.
