AdvertisementAdvertisementBusinessA screen reads 'AI' in reference to artificial intelligence as attendees gather during Rivian's first Autonomy and AI Day in Palo Alto, California, U.S., December 11, 2025. REUTERS/Carlos Barria29 Jul 2026 07:49PM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST LONG BEACH, California, July 29 : Chip design startup ChipAgents expanded its Series A financing with a $60 million infusion to further fund its plans to speed up semiconductor design through the use of AI agents, its chief executive said.ChipAgents builds software that harnesses so-called AI agents - programs capable of making decisions and executing complex tasks with little or no human oversight - to make the complex, lengthy process of chip design faster and more automated.Designing chips can cost hundreds of millions of dollars and take years using traditional tools and methods. But in recent months, a batch of startups has surfaced with the promise of using AI to tackle some of the thorniest, costliest parts of the chip design process.ChipAgents sees the largest speedup in design with the company's software that is designed to help verify a chip will function as intended, CEO William Wang told Reuters in an interview.Show MoreShow Less"A big part of that is actually making sure there are no bugs," Wang said.Chip design software companies such as Cadence and Synopsys have built AI into their software and launched their own agent products.Earlier this week, ChipAgents said it was expanding its strategic collaboration with Nvidia to include developing ChipAgents' specialized AI model, which focuses on chip design.Wang declined to say whether Nvidia was an investor.B Capital led the additional funding round, which brings its fundraising total to $131 million. Prior investors include Micron, MediaTek and Ericsson.ChipAgents has about 64 employees and is headquartered in Santa Clara, California. Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST