Intento Design Secures Third Round of Investment to Accelerate Its Commercial Deployment
Paris, June 22, 2022
Intento Design, a Paris-based French company developing and commercializing intelligent analog design automation tools aimed to accelerate IC design and ensure reliable tapeout, announces today that it has secured a third round of investment to accelerate its international 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 Fund, and Caisse d’Epargne Normandie via its CEN Innovation investment fund, participated in this operation.
Dr. Ramy Iskander, Founder, CTO, and President of Intento Design, declares: “This investment is an important step for the company to increase our international and commercial development, and to become a major European player in integrated chip design automation with an innovative roadmap to contribute to the European Union’s effort for the production of chips in Europe. We are very pleased that Caisse d’Epargne Normandie is joining Seventure Partners as part of this refinancing in order to support our ambitions.”
“We made our first seed round of investment in the company in 2015. At that time, Intento Design had a very promising technology and we helped it to industrialize its products which provide solutions with very high added value for the semiconductor market.”, says Thibault Canton, Investment Director at Seventure Partners. “The main objective of this investment is to realize Intento Design’s commercial deployment ambitions with the help of Stéphane Cordova, the newly appointed CEO.”
“At Caisse d’Epargne Normandie, we 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 facing our society on a daily basis”, says Agnès Louvet, Director of Private Equity at Caisse d’Epargne Normandie.
“Our customers are looking for innovative solutions to create circuits used in almost every electronic system, respecting new energy and environmental standards while optimizing production costs,” said Stéphane Cordova, 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 major challenges facing the society today for maintaining the semiconductor supply chain.”
Intento Design was advised during this investment operation by Paradox Avocats.