Intento Design Secures Third Round of Investment to Accelerate Commercial Deployment

0

Paris, June 22, 2022 — Intento Design, a Paris-based French company that develops and markets smart analog design automation tools aimed at accelerating IC design and ensuring reliable tapeout, today announces that secured a third round of investment to accelerate its international growth and commercial deployment. Intento Design aims to become a European leader in the field of Electronic Design Automation (CAD/EDA) with its European sovereign technology. Two French financial institutions, Seventure Partners Quadrivium 1 Seed Fundand Normandy Savings Bank through his CEN innovation investment fund, participated in this operation.

Dr. Ramy Iskander, Founder, CTO and President of Intento Design, said: “This investment is an important step for the company to increase its international and commercial development, and to become a major European player in integrated design automation. chips with an innovative roadmap to contribute to the European Union effort for the production of chips in Europe. We are very happy that Normandy Savings Bank joined Seventure Partners as part of this refinancing in order to support our ambitions.

“We completed our first seed round in the company in 2015. At that time, Intento Design had very promising technology and we helped it industrialize its products which provide very high value solutions. added for the semiconductor market,” says Thibault Cantoninvestment manager at Seventure Partners. “The main objective of this investment is to realize Intento Design’s commercial deployment ambitions with the help of Stephane Cordobathe newly appointed CEO.

“TO Normandy Savings Bankwe are firmly convinced that Intento Design will become a European reference in the field of automated design of integrated circuits, contributing to solving the environmental and energy challenges that our society faces on a daily basis”, declares Agnes LouvetDirector of Private Equity at Normandy Savings Bank.

“Our customers are looking for innovative solutions to create circuits used in almost all electronic systems, respecting new energy and environmental standards while optimizing production costs,” said Stephane Cordoba, CEO of Intento Design. “At Intento Design, we provide innovative, easy-to-use tools for designing and migrating analog and mixed-signal systems, addressing the key challenges facing society today in maintaining the supply chain of semi- drivers.”

Intento Design was advised on this investment transaction by Paradox Lawyers.

About Intento Design:

Intento Design is an EDA software provider developing smart tools to accelerate analog IC design. Intento software solutions dramatically reduce design and migration times while increasing reliability, thereby reducing costs associated with IC design and manufacturing. All players in the semiconductor ecosystem benefit from our disruptive CAD/EDA solutions to accelerate their time to market, improve reliability and, consequently, increase the return on investment. For more details: http://www.intento-design.com.

About Seventure Partners:

Seventure Partners is a long-term investor that actively supports innovative companies with capital that have a positive impact on people, society and the planet. With 900 million euros of capital investment at the end of 2021, Seventure Partners is the European leader in innovation capital and has been investing since 1997 in companies with high growth potential operating in two main areas of activity: Life Sciences (Health & digital health, Food, Nutrition, Blue Economy, Aquaculture, Animal & Agriculture, Sport & Well-being…) throughout Europe as well as in Israel, Asia and North America, and Digital Technologies mainly in Europe. Seventure Partners supports the development of companies from the creation of the company (seed and first round), to development capital financing rounds (venture, growth, pre-IPO and IPO), with amounts invested between 500K€ and 10M€ per financing round, and up to 20 million euros per company. For more details: http://www.seventure.fr/fr

About Quadrivium 1 Seed Fund:

Quadrivium 1 Seed Fund is one of the venture capital funds managed by Seventure Partners. This fund provides seed capital to French companies (FNA – Program d’Investissement d’Avenir) in the fields of life sciences and digital technologies, generated by or in connection with an academic group built around Sorbonne University, Paris II University, Paris IV University, National Museum of Natural History, Technological University of Compiègne, CNRS, Curie Institute, Pierre Gilles de Gennes Foundation, See and Hear Foundation and Paris Sciences and Letters (PSL). For more details: http://www.seventure.fr/fr/nos-fonds-institutionnels

About Caisse d’Epargne Normandie Innovation:

Caisse d’Epargne Normandie (CEN) has created a subsidiary structure – CEN Innovation dedicated to equity and quasi-equity investment operations to support innovative companies. CEN Innovation thus aims to invest in companies with a mission or a commitment to regional development, presenting a real potential for growth, profitability and development on its territory. CEN Innovation participates as a non-operational partner, force of proposals without any interference in the day-to-day management of business. With this subsidiary, in which CEN is a 100% shareholder, Caisse d’Epargne Normandie, the first major French bank certified B-Corp, has a tool enabling it to position itself as a regional investor of reference in innovation at impact (#techforgood) . For more details: https://www.caisse-epargne.fr/normandie/

Share.

About Author

Comments are closed.