ChipAgents raised $21 million in Series A funding led by Bessemer Venture Partners, with strategic backing from Micron, MediaTek, and Ericsson, bringing total funding to $24 million as the startup scales its agentic AI platform for semiconductor design automation.

The funding addresses a critical infrastructure bottleneck: verification consumes up to 70% of chip design time, yet productivity gains have stagnated while chip complexity explodes exponentially. ChipAgents’ agentic AI platform achieves 80% higher verification productivity compared to traditional approaches, already deployed at 50 leading semiconductor companies with 50x year-over-year ARR growth.