Follow the Money – Agentrys Raises $24.5 Million to Build Agentic Design Automation

Agentrys recently launched a new category of design technology, Agentic Design Automation (ADA). The approach promises to revolutionize AI deployment for chip design with technology that facilitates the building of targeted agentic design flows that get better with every run. There is a lot of information available on the technology behind these innovations and the impact it is having in the market. More on that a bit later. For now, I want to focus on a recent funding announcement issued by Agentrys. There’s nothing like a successful fundraising event to validate a company’s vision. Let’s follow the money as Agentrys raises $24.5 million to build agentic design automation.

The Announcement

The top-level news is that Agentrys announced a $24.5 million fundraise, comprised of an over-subscribed $19.1 millionseed round led by Etna Labs and $5.4 million of pre-seed funding led by MediaTek, the company’s first strategic backer. Etna Labs is a research-driven investment firm that has backed more than 20 AI companies with a particular focus on foundation models and the labs applying them to science, robotics, and other frontier domains. Other companies in the Etna Labs portfolio include Anthropic, Open AI, SpaceX, and Ayar Labs.

It was also announced that the funding will go toward recruiting, agent-native tooling, and expanding customer engagements across verification and physical design.

The release explained that Agentrys is defining a new category—Agentic Design Automation—that evolves chip design automation from traditional EDA tools focused on individual tasks to intelligent systems that automate, learn from, and continuously improve entire engineering workflows.

It was stated that the company’s long-term vision is to advance self-improving AI for chip design, enabling engineering systems to learn from experience, evolve their capabilities, and tackle increasingly complex design challenges. In leveraging ADA, Agentrys targets the workflows that determine whether chips in the $800+ billion and rapidly growing semiconductor industry ship on time and meet their functional and performance targets.

The release went on to describe the two ways Agentrys distinguishes itself from other agentic EDA solutions. First, Agentrys offers an open platform that customers build on, rather than a fixed set of vendor-controlled agents. This enables customers to build and own an agentic engineering workforce tailored to their workflow, spanning commercial EDA tools, internal tools, and infrastructure. Second, the design intelligence layer delivered by Agentrys continuously learns from customer data, usage, and evaluation signals, while agent-native tools and custom models extend what general-purpose AI agents can accomplish in chip design.

The Comments

“Building production-grade agents that reliably automate real engineering work is far from easy — that’s the problem Agentrys exists to solve,” said Mark Ren, Founder and CEO of Agentrys. “We help engineering teams turn manual workflows into an agentic workforce that designs chips faster, delivers better results, and systematically improves in capability over time. That’s the difference between renting capability everyone else can rent and building an asset that compounds for you alone.“

“Chip design is one of the first high-value domains where recursive self-improvement (RSI) can become practical because results can be objectively evaluated with rigorous engineering tools and metrics,” said members of Etna Labs’ investment team. “Agentrys is building a self-improving agent layer across the EDA stack. Mark led some of the defining AI-for-chip-design work of the past decade, and Agentrys is turning that experience into agents that improve with every design.”

“We believe semiconductor R&D has its own unique domain specificity in agentic AI development,” said Brian Hsu, Managing Director of MediaTek Innovation Fund. “Agentrys envisions a builder solution that enables semiconductor engineering teams to customize and improve AI agents for chipset design workflows. This could help capture and reuse domain knowledge, hence scale agent development suitable for semiconductor R&D systematically.”

To Learn More

You can read the complete press announcement here and you can learn more about Agentrys on SemiWiki here. You can also visit the company’s website here, where you can request a demo. And don’t miss the upcoming Agentrys webinar, Agents Assemble: Build Your Chip Design Multi-Agent System in 30 Minutes. It airs on September 15, and you can reserve your spot here. And that’s how to follow the money as Agentrys raises $24.5 million to build agentic design automation.

Also Read:

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