- Companies
- X-EPIC
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
V Fund Management
Dashu Evergreen
Matrix Partners China
5Y Capital
Green Pine Capital Partners
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2021 | Series A | YF Capital (lead); Matrix Partners China; Gaorong Capital; GL Ventures; Puluo Capital | $62M | X-EPIC, a Chinese electronic design automation software and systems company, announced in May 2021 that it had completed a Pre-B financing round of more than RMB 400 million. The round was led by Yunfeng Capital, with Matrix Partners China and Puluo Capital, the investment arm of the China Development Bank equipment fund, taking part alongside existing shareholders including Gaorong Capital. The financing came within months of the company's Series A and A+ rounds, which brought its cumulative funding to more than RMB 1.2 billion. X-EPIC develops EDA tools and intelligent verification systems for chip design, aiming to supply domestic alternatives in a market long dominated by foreign vendors. The company is based in Nanjing and Shanghai and serves chip design houses and system vendors in China. The proceeds were earmarked for product development and talent recruitment. |
| Dec 2020 | Series A | Gaorong Capital (lead); GL Ventures (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 | $31M | X-EPIC, a Nanjing-based developer of electronic design automation software for chip design, closed a Series A round of more than CNY 200 million (about $30.7 million) in December 2020. The round was led by Gaorong Capital, with V Fund and GL Ventures also reported among the leads. 5Y Capital, formerly Morningside Venture Capital, and Shanghai Yuhan joined as new investors, and existing shareholders including ZhenFund and Dashu Evergreen took part, alongside China Fortune-Tech Capital and Green Pine Capital. The company was founded in March 2020. It said it would use the proceeds to attract global talent and to support research and product development of its chip design software. |
| Oct 2020 | Seed | V 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, V Fund Management, Dashu Evergreen and Matrix Partners China.
Lead investors include YF Capital, Gaorong Capital, GL Ventures and V Fund Management.
X-EPIC Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Oct 2020 | ||
| 2 | Lead | Dec 2020 | ||
| -- | 2 | Participant | Oct 2020 | |
| 2 | Lead | Dec 2020 | ||
| 2 | Lead | Oct 2020 | ||
| 1 | Participant | May 2021 | ||
| 1 | Lead | May 2021 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Dec 2020 | ||
This data is available for Pro users. Sign up to see all 14 X-EPIC investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialX-EPIC Competitors
X-EPIC competitors include listed companies like Cadence Design Systems, Autodesk, Dassault Systemes and PTC, and private ones like Vinci and Vention.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Private | $73M | - | $1.2B | 16.4x | ||
| Publicly listed | $5.3B | $1.8B | $88B | 14.3x | ||
| Publicly listed | $7.2B | $1.8B | $55B | 6.7x | ||
| Publicly listed | $7B | $2.1B | $38B | 5.1x | ||
| Publicly listed | $2.7B | $1.1B | $21B | 8.3x |
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, Unity, PTC and Snap-on.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $9.3B | 4.0x | 3.6x | 10.2x | 7.4x | |||
| $5.3B | $1.8B | 16.8x | 14.3x | 50.3x | 29.3x | |||
| $7.1B | $2.2B | 13.3x | 9.6x | 42.1x | 23.0x | |||
| $7.2B | $1.8B | 7.5x | 6.7x | 30.7x | 16.5x | |||
| $12B | $2.5B | 4.9x | 4.2x | 22.6x | 15.5x | |||
| $7B | $2.1B | 5.3x | 5.1x | 17.4x | 14.5x | |||
| $6.1B | $1.7B | 4.9x | 6.0x | 17.7x | 16.9x | |||
| $1.8B | ($18M) | 12.3x | 10.1x | (1254.9x) | 31.3x | |||
This data is available for Pro users. Sign up to see all X-EPIC competitors and their valuation data. Start Free Trial | ||||||||
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, Gaorong Capital, Dashu Evergreen, GL Ventures, 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 Vinci, Vention, Cadence Design Systems, Autodesk, Dassault Systemes and PTC. |
See companies similar to X-EPIC
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




