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Solido Design Automation is a technology company.
Solido Design Automation has raised $10.0M across 3 funding rounds.
Solido Design Automation has raised $10.0M in total across 3 funding rounds.
Solido Design Automation has raised $10.0M in total across 3 funding rounds.
Solido Design Automation's investors include BDC Venture Capital.
Solido Design Automation was a Canadian electronic design automation (EDA) company specializing in variation-aware design and characterization software for custom integrated circuits (ICs), enabling semiconductor firms to improve chip yield, performance, and manufacturability.[1][2][3] It served over 40 major technology companies worldwide with tools like Variation Designer, which optimized simulations for PVT corners, Monte Carlo analysis, and variation debugging, while its Solido ML Labs extended machine learning expertise to clients.[1][2] The company demonstrated strong growth, achieving 185% revenue growth by 2017 (reaching $27.7 million) and ranking #425 on Deloitte’s 2017 Technology Fast 500, before its acquisition by Mentor (a Siemens Business).[1][2]
Founded in Saskatoon, Saskatchewan, Canada, Solido Design Automation emerged as a venture capital-funded startup focused on transistor-level EDA tools for analog/mixed-signal challenges in semiconductor design.[1][5] Key details on specific founders are not detailed in available sources, but the company built traction through its pioneering machine learning applications for variation analysis in custom ICs, addressing yield and performance issues.[2][3] Early momentum included rapid adoption by major firms and the 2017 Deloitte ranking, culminating in its acquisition by Mentor Graphics (Siemens EDA) that same year, after which it operated with offices in the USA, Canada, Asia, and Europe.[1][2]
Solido rode the wave of advanced node semiconductor scaling and the rising complexity of analog/mixed-signal designs, where process variations increasingly threatened yield in sub-7nm ICs.[2][5] Its timing aligned with the EDA market's shift toward ML-augmented tools amid exploding demand for AI chips, 5G, and automotive electronics, helping firms like fabless designers and foundries accelerate time-to-market.[1][3] By influencing yield optimization, Solido contributed to the ecosystem's efficiency, paving the way for consolidations like its 2017 Siemens acquisition, which integrated its tech into broader EDA platforms amid industry M&A trends.[2]
Post-2017 acquisition, Solido's technologies persist within Siemens EDA, likely evolving to tackle variations in 2nm-era nodes, AI accelerators, and custom silicon for hyperscalers.[1][2] Trends like chiplet designs, multi-die systems, and edge AI will amplify demand for its ML-based variation tools, potentially expanding Siemens' dominance in analog verification. Its legacy underscores how specialized EDA innovators fuel semiconductor progress, tying back to Solido's core strength: turning variation challenges into competitive edges for next-gen products.[1][2]
Solido Design Automation has raised $10.0M across 3 funding rounds. Most recently, it raised $2.0M Series C in May 2011.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2011 | $2.0M Series C | BDC Venture Capital | |
| Aug 1, 2007 | $6.0M Series B | BDC Venture Capital | |
| Jun 1, 2006 | $2.0M Series A | BDC Venture Capital |