# CoWare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coware

- Industry: Software
- Headquarters: San Jose, US
- Website: www.coware.com
- Total disclosed funding: $7M
- Latest round: Series E (Jul 23, 2007)
- Investors on record: 4

## About

CoWare provides advanced electronic design automation (EDA) solutions, primarily for semiconductor intellectual property (IP) and systems verification, enabling efficient chip design and development for various industries.CoWare specializes in EDA solutions, primarily serving clients in the semiconductor industry. The company was acquired by Synopsys, Inc. in February 2010, although financial details of the acquisition were not disclosed. The firm is headquartered in San Jose, US. The current CEO is Luca Leonardini.CoWare's offerings include a wide range of electronic design automation tools and semiconductor IP solutions. These products streamline the development process for system-on-chip (SoC) architectures, enabling designers to create high-performance, power-efficient chips. CoWare’s tools for hardware-assisted verification enhance testing accuracy and speed by simulating real-world scenarios. Its client base spans automotive, aerospace, and telecommunications sectors, addressing diverse requirements in areas such as artificial intelligence and cloud computing.CoWare generates its revenue through subscription models and licensing agreements for its EDA tools and semiconductor IP offerings. This B2B approach enables direct agreements with corporate clients, including major semiconductor manufacturers. The company benefits from a steady income stream from recurring subscriptions as clients continually engage with its products and services, including advanced solutions for AI-centric applications and multi-die integration.Moving forward, CoWare aims to expand its product offerings and market reach. The company plans to introduce new EDA tools tailored for emerging technologies, with releases expected in the coming quarters. Additionally, it is targeting expansion into new geographic regions, including Europe and Asia-Pacific, by 2025. The funds raised during the Series E round in which CoWare secured USD 7.00 mn will support these initiatives, focusing on product development and market penetration strategies.

## Funding rounds

- Series E, Jul 23, 2007, $7M — Gimv, Greylock Partners, IT Partners, Cadence Design Systems, Inc
- Series A, Jun 1, 1997 — Gimv

## Investors

- Gimv (https://capitalatlas.ai/funds/gimv) — Series A, Series E
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series E
- IT Partners (https://capitalatlas.ai/funds/it-partners) — Series E
- Cadence Design Systems, Inc — Series E