Micron, MediaTek back ChipAgents as agentic AI startup extends series A to US$134 million

ChipAgents, a two-year-old startup building autonomous AI agents for chip design and verification, has raised an additional US$60 million in Series A2 funding, taking its total Series A financing to US$134 million just six months after the round first closed. Micron and MediaTek are among the investors backing ChipAgents, reflecting the growing interest in AI-powered chip design tools that can automate and accelerate the semiconductor design process. The startup's platform uses autonomous AI agents to handle complex chip design and verification tasks, potentially reducing the time and cost of developing new semiconductor products. MediaTek's investment in ChipAgents is part of its broader strategy to strengthen its AI and data center capabilities, as the company prepares to scale its custom AI accelerator ASICs for hyperscale customers. The investment also signals the industry's recognition that AI-powered design tools are becoming essential for managing the increasing complexity of modern chip design, particularly for advanced nodes and multi-die architectures. MediaTek has been expanding its AI data center business, with its first AI accelerator ASIC scheduled to enter production in Q4 2026 and a second-generation device planned for early 2028. The company expects data center revenue to exceed US$2 billion in 2026 and has raised its targeted share of the 2027 AI accelerator market to 15%-20%.