Chip simulation startup Vinci raises $250m at a $1.5bn valuation

Image for article Chip simulation startup Vinci raises $250m at a $1.5bn valuation
News Source : The Next Web

News Summary

  • Vinci’s software can predict the physical behaviour of a design before it is constructed.
  • The company originally focused on heat, since this has become an increasing issue as AI chips grow in size and complexity.
  • Advent, Temasek and Xora Innovation led the round, while earlier investors Eclipse and Khosla Ventures participated again.
  • The funds will be used to pay for computing power, hire new staff, and produce more simulation products, the chief executive, Hardik Kabaria, stated.
Vinci, the AI software company based in Palo Alto that simulates physics for use in chip and hardware design, has raised $250M at a $1.5bn valuation, the company announced on Tuesday.

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