Chipmind raises 2.5 million dollars in financing round

(CONNECT) Chipmind, which builds AI agents to accelerate chip development, has secured 2.5 million dollars in a pre-seed funding round. This is what the financial magazine "Forbes" writes in an article dedicated to the work of the spin-off from the Swiss Federal Institute of Technology in Zurich(ETH). The funds will be used to fill various open engineering positions in the start-up and consequently accelerate the development of the proprietary AI agents. In addition, the company will work even more closely with European chip manufacturers in the future.

The proprietary AI agents, which work with open-source EDA (Electric Design Automation) as well as commercial EDA, automate the testing of microchips, taking over routine tasks that chip engineers currently perform manually. By taking on this repetitive work, which accounts for around 40 percent of the development cycle, the development time for chips is to be reduced from the current four to one year. "We urgently need to speed up the development cycle for chips. Today, technological progress is slowed down by complex, time-consuming and expensive chip development," Harald Kröll, co-founder and CEO of Chipmind, is quoted as saying.

While, according to the article, the American companies Cadence Design Systems and Synopsys dominate the industry, innovation in Europe remains limited. In order to fill this gap in the market, Chipmind is currently working with European partners on proof-of-concept projects to demonstrate the marketability of the technology.

Commercial production of the AI agents is planned for the second half of 2026, but still requires further research and development work. ce/yes