Wuxi Yaco Hongyu Electronics Co., Ltd., a senior supplier of domestic digital front-end FPGA prototype verification and hardware simulation accelerator EDA tools and solutions , completed the first closing of its Series B financing. The first phase of funds raised was jointly led by Shaoxing Jiutian Shengshi Venture Capital Fund (Jiutian Shengshi EDA Fund, jointly established by domestic EDA leading enterprise HuaDa Jiutian and Shengshi Zhida) and the Guangdong-Hong Kong-Macao Greater Bay Area Science and Technology Innovation Industry Investment Fund (Greater Bay Area Fund, initiated by China Economic Reform Research Foundation and China Electronics Information Industry Group), followed by Maosheng Investment under Hebei Construction Investment Group, and CICC served as financial advisor.
As one of the earliest companies in China to be rooted in domestic EDA technology research and development and product applications, Yaco Hongyu has always adhered to its original aspirations and worked tirelessly to solidly improve its R&D capabilities, focus on tackling key technologies, and continuously create industrial value. It has built stable, reliable, and user-trusted digital front-end simulation verification EDA product performance and high-quality technical services, becoming a leading FPGA prototype verification platform supplier and an excellent domestic hardware simulation accelerator supplier, providing mature products and high-quality services to 500+ cutting-edge integrated circuit development teams.
At present, the demand for complex design of high-end digital chips in frontier fields such as artificial intelligence, autonomous driving, and high-performance computing is increasing day by day. As the cornerstone of supporting the design, verification, and manufacturing of trillion-gate chips, the importance of digital EDA tools has become more prominent, and at the same time, higher requirements and challenges have been put forward for the key EDA technologies. Yaco Hongyu focuses on the key technologies of digital front-end EDA, and strives to break through the core technologies of the entire process of digital front-end high-level compilation and hardware-assisted verification, helping large-scale IC design companies reduce development difficulty, reduce development costs, and shorten development cycles.