Paris, June 22, 2022 — Intento Design, a Paris-based French firm creating and commercializing clever analog design automation instruments aimed to speed up IC design and guarantee dependable tapeout, declares at the moment that it has secured a 3rd spherical of funding to speed up its worldwide and industrial deployment. Intento Design goals to develop into a European chief within the area of digital design automation (CAD/EDA) with its European sovereign expertise. Two French monetary establishments, Seventure Companions’ Quadrivium 1 Seed Fund, and Caisse d’Epargne Normandie by way of its CEN Innovation funding fund, participated on this operation.
Dr. Ramy Iskander, Founder, CTO, and President of Intento Design, declares: “This funding is a vital step for the corporate to extend our worldwide and industrial growth, and to develop into a serious European participant in built-in chip design automation with an modern roadmap to contribute to the European Union’s effort for the manufacturing of chips in Europe. We’re more than happy that Caisse d’Epargne Normandie is becoming a member of Seventure Companions as a part of this refinancing so as to help our ambitions.”
“We made our first seed spherical of funding within the firm in 2015. At the moment, Intento Design had a really promising expertise and we helped it to industrialize its merchandise which offer options with very excessive added worth for the semiconductor market.”, says Thibault Canton, Funding Director at Seventure Companions. “The primary goal of this funding is to understand Intento Design’s industrial deployment ambitions with the assistance of Stéphane Cordova, the newly appointed CEO.”
“At Caisse d’Epargne Normandie, we’re firmly satisfied that Intento Design will develop into a European reference within the area of automated design of built-in circuits, contributing to fixing the environmental and vitality challenges going through our society every day”, says Agnès Louvet, Director of Personal Fairness at Caisse d’Epargne Normandie.
“Our clients are on the lookout for modern options to create circuits utilized in virtually each digital system, respecting new vitality and environmental requirements whereas optimizing manufacturing prices,” stated Stéphane Cordova, CEO of Intento Design. “At Intento Design, we offer modern, easy-to-use instruments for designing and migrating analog and mixed-signal techniques, addressing the key challenges going through the society at the moment for sustaining the semiconductor provide chain.”
Intento Design was suggested throughout this funding operation by Paradox Avocats.
About Intento Design:
Intento Design is an EDA software program supplier creating clever instruments to speed up analog IC design. Intento software program options considerably cut back design and migration instances whereas rising reliability, thereby decreasing the prices related to IC design and manufacturing. All gamers within the semiconductor ecosystem profit from our disruptive CAD/EDA options to speed up their time-tomarket, enhance reliability and, consequently, improve return on funding. For extra particulars: http://www.intento-design.com.
About Seventure Companions:
Seventure Companions is a long-term investor that actively helps modern firms with capital which have a constructive affect on individuals, society and the planet. With €900 million as a capital funding on the finish of 2021, Seventure Companions is European chief in innovation capital and has been investing since 1997 in firms with excessive progress potential working in two principal areas of exercise: Life Sciences (Well being & digital well being , Meals, Diet, Blue Economic system, Aquaculture, Animal & Agriculture, Sport & Welfare…) all through Europe in addition to in Israel, Asia and North America, and Digital Applied sciences primarily in Europe. Seventure Companions helps the event of firms from the creation of the corporate (seed and first spherical), to growth capital financing rounds (enterprise, progress, pre-IPO and IPO), with quantities invested between € 500K and €10 million per financing spherical, and as much as €20 million per firm. For extra particulars: http://www.seventure.fr/en
About Quadrivium 1 Seed Fund:
Quadrivium 1 Seed Fund is among the enterprise capital funds managed by Seventure Companions. This fund supplies seed capital to French firms (FNA – Programme d’Investissement d’Avenir) within the fields of life science and digital applied sciences, generated by or with hyperlinks to an instructional grouping constructed round Sorbonne Université, Université Paris II, Université Paris IV, Museum Nationwide d’Histoire Naturelle, Université Technologique de Compiègne, CNRS, Institut Curie, Fondation Pierre Gilles de Gennes, Fondation Voir et Entendre and Paris Sciences et Lettres (PSL). For extra particulars: http://www.seventure.fr/en/ourinstitutional-funds
About Caisse d’Epargne Normandie Innovation:
Caisse d’Epargne Normandie (CEN) has created a subsidiary construction – CEN Innovation devoted to fairness and quasi-equity funding operations to help modern firms. CEN Innovation thus goals to put money into firms with a mission or dedication to regional growth, presenting an actual potential for progress, profitability and growth on its territory. CEN Innovation participates as a non-operational accomplice, a power of proposals with none interference within the day-to-day administration of enterprise. With this subsidiary, for which the CEN is a 100% shareholder, Caisse d’Epargne Normandie, the primary main French financial institution licensed B-Corp, has a device enabling it to place itself as a benchmark regional investor in impactful innovation (# techforgood). For extra particulars: https://www.caisse-epargne.fr/normandie/