Xinhuazhang: EDA Intelligent Industrial Software System Developer

Xinhuazhang, a leading enterprise in EDA (Electronic Design Automation) intelligent software and systems, announced that it had completed nearly 100 million yuan of pre-A round of financing, which was led by Hillhouse venture capital, with SMIC Juyuan and Songhe capital participating in the investment. Yunhui capital and most Changqing, investors in the pre-A round, continued to follow the investment and were firmly optimistic about the long-term development of xinhuazhang. This round of financing is the refinancing of xinhuazhang after the pre-A round just announced last month. The funds will continue to invest in the global deployment of R & D forces and the integration and breakthrough of EDA and cutting-edge technologies.

Previously, it has reported the financing news of xinhuazhang: xinhuazhang completed the 100 million yuan pre-A round of financing in October 2020, which was jointly invested by Yunhui capital and Zhenge fund. In less than one month, xinhuazhang obtained nearly 100 million yuan of financing again, which shows that the strength of the company is extraordinary.

Founded in March 2020 and headquartered in Nanjing, xinhuazhang is a domestic integrated circuit electronic automation (EDA) intelligent software and system company based in China and facing the world. EDA is not only the key technology of integrated circuit industry innovation, but also the indispensable core industrial software for designing and manufacturing chips.

Chip has become the top priority in the era of digital economy. At present, the domestic EDA market has great development space. EDA is also the core technology in urgent need of independent innovation in the domestic integrated circuit industry chain, and the business scenario involved in xinhuazhang is the chip verification link with the largest demand for EDA Technology. In August, xinhuazhang announced the launch of the open source EDA ecological project, and launched edagit.com, China's first open source EDA technology community, in September.

What is the next plan of the financing party?

Wang Libin, chairman, CEO and founder of xinhuazhang, the financier, said: we are glad to share the common ideals and aspirations with this round of investors, walk with them and accelerate the process of xinhuazhang in EDA technology breakthrough and product R & D. More people and investment circles pay attention to the root technology EDA in the future digital age, which is a high recognition for our team to seriously do technology and deeply cultivate industry. Within this month, xinhuazhang plans to release the first domestic verification EDA technology supporting domestic computer architecture. At present, the team is closely deploying the R & D and launch of a full range of next-generation verification EDA systems and software, and is determined to improve China's EDA tool industry chain with new technology and improve the efficiency of chip innovation.

What are the reasons for this investment by investors Hillhouse venture capital and SMIC Juyuan?

Wu Xuefei, executive director of Hillhouse venture capital, the investor, said: EDA technology is the core driving force of the future digital economy and is experiencing a key development period from automation to intelligence. Hillhouse venture capital is very optimistic about the xinhuazhang team led by Wang Libin: in addition to excellent technology and experience, they also have leading technical ideals. Xinhuazhang team is expected to achieve EDA technology breakthrough, provide advanced and complete EDA verification solutions for more integrated circuit enterprises, and will become a key force to promote the development of the industry.

The relevant person in charge of SMIC Juyuan, the investor, said: SMIC Huazhang has industry experts, world-class R & D team, firm technical route and perfect product strategy. We believe that xinhuazhang will create a new generation of EDA technology, launch a complete EDA verification solution and empower the majority of integrated circuit enterprises.

What is the evaluation of this financing event?