# Phlexing

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

- Industry: Electronics
- Headquarters: Hangzhou, China
- Website: www.phlexing.com/
- Total disclosed funding: $16M
- Latest round: Series B (Feb 18, 2022)
- Investors on record: 7

## About

Based in Hangzhou, China and founded in 2018, Phlexing Technology Co., Ltd., trading as Phlexing, operates as an electronic company that focuses on providing EDA tool chains and solutions for IC design companies. It was recognized as the National High-tech Enterprise. The company has a R&D center in Shanghai. In 2022, the company has more than 100 employees. In June 2016, the company launched its first EDA product. In December 2020, the company has established partnership with Foundry. In February 2026, Phlexing raised a venture funding from ABQH Shenzhen Investment Fund Management, CITIC Capital Investment, Ningbo Shiyi Venture Capital Partnership and Cloud 9.

The company focuses on the signoff field of chip physical design such as SOC, ASIC, memory, custom and AMS. The company's products can be categorized into GloryEX, GloryBolt, and PhyBolt. Its main product GloryEX provides RC parasitic parameter extraction solutions for chip design, which supports SoC, ASIC, Memory, Custom, and AMS design.

The company generates revenue by providing EDA tool chains and solutions for IC design companies.

## Funding rounds

- Series B, Feb 18, 2022, $16M — China Fortune-Tech Capital, HUA Capital
- Series A, Jul 30, 2021 — China Fortune-Tech Capital, Monarch Capital, Shenzhen Capital Real Estate Fund, Greenriver Capital, China Resources SZITIC Trust
- Angel, Dec 18, 2020 — HUA Capital
- Seed, Sep 17, 2018 — Baidu Ventures, Greenriver Capital

## Investors

- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Seed
- Greenriver Capital (https://capitalatlas.ai/funds/greenriver-capital) — Seed, Series A
- HUA Capital (https://capitalatlas.ai/funds/hua-capital) — Angel, Series B
- China Fortune-Tech Capital (https://capitalatlas.ai/funds/china-fortune-tech-capital) — Series A, Series B
- Monarch Capital (https://capitalatlas.ai/funds/monarch-capital) — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series A
- China Resources SZITIC Trust — Series A