Leader in Electronic Design Automation (EDA) chip design tools, Synopsys, recently announced a new program for tech startups that could help drive innovation across many markets and industries. The Synopsys Cloud Startup program was rolled out with the goal of putting powerful AI-based chip design software and services into the hands of startups that don’t have the infrastructure or capital to invest in the same design tools. world class that virtually all major token players use. In short, you can think of Synopsys Cloud Startup as a chip design infrastructure as a service for startups. The initiative will also be run in conjunction with high-profile venture capital firm, Mayfield, to provide more resources and help guide some of these exciting start-ups.
Synopsys becomes Johnny Appleseed with Cloud EDA tools for startups
The Synopsys Cloud Startup program is based on a new offering from the company that my colleague Marco Chiappetta talked about in March, known as Synopsys Cloud, which enables the semiconductor industry to access and use the software Synopsys AI-infused EDA and verification. tools as a service (SaaS). Synopsys Cloud was announced in partnership with Microsoft’s Azure cloud computing platform, with infrastructure, management and maintenance powered by Synopsys. Alternatively, customers can also follow a BYOC (Bring Your Own Cloud) model, if a cloud or hybrid cloud infrastructure is already in place.
Customers typically follow a pay-as-you-go or subscription-based cloud model for Synopsys Cloud services and infrastructure, but with the Synopsys Cloud Startup program, startups peak in the $1-3 million range who qualify can access these powerful chip design tools for free. As you can imagine, as a scrappy startup with limited resources, cost management is essential and free, world-class chip design tools are the best kind of design tools.
As you can probably guess, Synopsys’ goal is for a burgeoning community of designers and inventors to be literally high on the company’s innovative chip design and verification tools. And of course, eventually, when these startups grow into larger companies, are acquired, or go public, Synopsys will then have a pipeline of partner startups that it can convert into paying customers.
Synopsys and Mayfield team up to kickstart innovation
Finally, tech startups not only need cutting-edge design tools to get off the ground, but also critical investments from the venture capital community. Likewise, Synopsys is in the business of innovating EDA tools and not global venture capital, so proper professional guidance in this business is essential, both for startups and Synopsys as well – and that’s where Mayfield comes in. Mayfield is a global venture capital firm with over 50 years of experience collaborating and transforming startups into major players. Founded in 1969, Mayfield is currently involved in more than 500 companies, of which 120 have gone public and 200 have been acquired.
Mayfield’s goal in this collaboration with the Synopsys Cloud Startup program is to help veterinary startups alongside Synopsys, and then offer them essential funding and guidance in the early stages. It’s sort of the proverbial 1-2 punch, with Synopsys providing the silicon design resources and expertise, and Mayfield providing the capital and guidance.
Moving forward together, Synopsys and Mayfield hope to help grow the startup ecosystem and make them more capital-efficient, with better momentum and time-to-market execution, in a proverbial win-win for all parties involved. Without a doubt, the Synopsys Cloud Startup program should be fun to watch, as these small but mighty market innovators are equipped with the same powerful design and verification tools that the big players have the luxury of working with every day.