X-EPIC Funding, Investors & Competitors

X-EPIC has raised $108M across 3 funding rounds, most recently a $62M Series A in May 2021.

Last X-EPIC funding round

$62M

Series A · May 2021

Cumulative funding X-EPIC raised

$108M

across 3 funding rounds

Key investors in X-EPIC

  • ZhenFund
  • Gaorong Capital
  • GL Ventures LLC
  • V Fund Management
  • Dashu Evergreen
  • Matrix Partners China
  • 5Y Capital
  • Green Pine Capital Partners

X-EPIC Overview

About X-EPIC

X-EPIC is a Nanjing-based company building electronic design automation (EDA) software for the semiconductor industry. Its platform covers hardware emulation, FPGA-based prototyping, formal verification, logic simulation, and system debug and verification in the cloud, applying AI-driven intelligent debugging and compilation to speed up chip verification workflows. The company was named to the Hurun Global Unicorn Index in 2023.


Founded

2020

HQ

ChinaChina

Website

x-epic.cn

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

X-EPIC Funding History

X-EPIC has raised a total of $108M across 3 funding rounds.

X-EPIC's first fundraising round was a $15M seed round in October 2020. The most recent completed round was a $62M Series A in May 2021.

X-EPIC funding rounds

X-EPIC funding rounds
DateStageInvestorsRaisedDeal Summary
May 2021Series AYF Capital (lead); Matrix Partners China; GL Ventures LLC; Gaorong Capital; Puluo Capital$62M-
Dec 2020Series AGaorong Capital (lead); GL Ventures LLC (lead); V Fund Management (lead); ZhenFund; Shanghai Yuhan; Huazhuo Touzi; China Fortune-Tech Capital; Dashu Evergreen; 5Y Capital; Tianjin Venture Capital; Green Pine Capital Partners$31MX-EPIC is a company that has raised a total of $122.58M across 8 funding rounds from 21 investors, with the latest being an Unattributed VC round on March 14, 2023.
Oct 2020SeedV Fund Management (lead); ZhenFund; Dashu Evergreen$15M-

Who has invested in X-EPIC?

14 investors have backed X-EPIC across its funding rounds, including ZhenFund, Gaorong Capital, GL Ventures LLC, V Fund Management, Dashu Evergreen and Matrix Partners China.

Lead investors include YF Capital, Gaorong Capital, GL Ventures LLC and V Fund Management.


X-EPIC Investors

Investors in X-EPIC by funding rounds participated
InvestorHQRoundsRoleFirst check
ZhenFundChinaBeijing2ParticipantOct 2020
GL Ventures LLCChinaBeijing2LeadDec 2020
Gaorong CapitalChinaBeijing2LeadDec 2020
Dashu Evergreen--2ParticipantOct 2020
V Fund ManagementChinaBeijing2LeadOct 2020
Matrix Partners ChinaChinaBeijing1ParticipantMay 2021
YF CapitalChinaShanghai1LeadMay 2021
Shanghai YuhanChinaChina1ParticipantDec 2020
Huazhuo TouziChinaBeijing1ParticipantDec 2020
China Fortune-Tech CapitalChinaShanghai1ParticipantDec 2020
5Y CapitalChinaChina1ParticipantDec 2020
Tianjin Venture CapitalChinaTianjin1ParticipantDec 2020

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X-EPIC Competitors

X-EPIC competitors include listed companies like Cadence Design Systems, Autodesk, Dassault Systemes and PTC, and private ones like Vention and aPriori Technologies.

Public and private companies comparable to X-EPIC
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
VentionCanadaMontrealPrivate$73M-$1.2B16.4x
aPriori TechnologiesUnited StatesBoston, MAPrivate--$280M-
Cadence Design SystemsUnited StatesUnited StatesPublicly listed$5.3B$1.8B$77B13.0x
AutodeskUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B5.7x
Dassault SystemesFranceFrancePublicly listed$7.2B$2.2B$32B4.0x
PTCUnited StatesUnited StatesPublicly listed$2.7B$1.1B$15B5.8x

X-EPIC Public Comps

X-EPIC is still privately-owned, but its public comps include Adobe, Cadence Design Systems, Synopsys, Autodesk, Constellation Software, Dassault Systemes, Hexagon, Snap-on, Unity and PTC.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Cadence Design Systems$5.3B$1.8B14.8x13.0x44.3x27.3x
Synopsys$7.1B$2.2B11.4x8.5x36.1x20.7x
Autodesk$7.2B$1.8B6.3x5.7x25.6x14.1x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Dassault Systemes$7.2B$2.2B4.0x4.0x13.2x11.2x
Hexagon$6.2B$1.7B4.2x5.0x15.2x14.0x
Snap-on$5.2B$1.4B3.7x3.9x13.2x13.0x

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Common questions about X-EPIC

When was X-EPIC founded?X-EPIC was founded in 2020.
Where is X-EPIC headquartered?X-EPIC is headquartered in China.
Is X-EPIC publicly listed?No, X-EPIC is a private, VC-backed company.
How much funding has X-EPIC raised?X-EPIC has raised $108M across 3 funding rounds.
What was X-EPIC's last funding round?X-EPIC's last funding round was a $62M Series A in May 2021, led by YF Capital.
Who are X-EPIC's investors?X-EPIC's investors include ZhenFund, GL Ventures LLC, Gaorong Capital, Dashu Evergreen, V Fund Management, Matrix Partners China, YF Capital, Shanghai Yuhan, Huazhuo Touzi, China Fortune-Tech Capital and 4 others.
Which companies are comparable to X-EPIC?Companies comparable to X-EPIC include Vention, aPriori Technologies, Cadence Design Systems, Autodesk, Dassault Systemes and PTC.

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