Motivo, Inc. Raises $12 Million Series A to Accelerate AI-Enabled Chip Design and Improve Manufacturing Yields

Motivo, Inc., developer of AI-enabled chip design and data analytics solutions, today announced it raised a $12 million Series A financing round led by Intel Capital, along with other new investors Storm Ventures and Seraph Group as well as participation from Inventus Capital and other existing investors that include multiple IC industry C-suite executives. This financing follows earlier seed rounds of $8 million, bringing total capital raised to $20 million. With this oversubscribed funding round, Motivo is set to take significant strides to deliver on its vision of using its AI-driven solutions to reduce by a factor of 10 today’s time and cost to design and ramp yield on the next generation of chips. The company plans to apply the funding to scale the business and double the team within the next 12 months. “The Motivo team has combined decades of expertise in IC design, computational imaging and manufacturing technologies, and artificial intelligence to create solutions that reduce design time to market and accelerate yield ramps for new chips,” said Bharath Rangarajan, CEO of Motivo. “Our customers are faced with increasing challenges as they create their new designs, and the demand for our solutions is so much that we have had to turn away multiple business opportunities. This new investment and support will enable us to rapidly scale up and implement Motivo’s solutions more broadly, deliver value to our customers, and significantly grow our business.”