When was Cadence founded?

Cadence was founded in 1988 and raised its 1st funding round 4 years after it was founded.

Where is Cadence located?

Cadence is headquartered in San Jose, United States. It is registered at San Jose, California.

Which legal entities is Cadence associated with?

Cadence is associated with CADENCE DESIGN SYSTEMS (INDIA) PRIVATE LIMITED and 2 others.

How many employees does Cadence have?

As of Dec 31, 2020, the latest employee count at Cadence is 3177.

Is Cadence a funded company?

Cadence is a funded company, having raised an undisclosed amount across 5 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on 1992.

When was the latest funding round of Cadence?

Cadence's latest funding was a $***** Post IPO round on Apr 07, 2023, with participation from 0 investor.

What is the annual revenue of Cadence?

Annual revenue of Cadence is $4.64B as on Dec 31, 2024.

Where does Cadence rank among its competitors?

Cadence ranks 4th amongst 328 active competitors, of which 61 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was proteanTecs, which secured an undisclosed amount in Mar, 2026.

Who are the top competitors of Cadence?

Cadence's top competitors include Synopsys, Unity and National Instruments. Among them, proteanTecs secured the most recent funding round in March, 2026.

Cadence - 2026 Company Profile, Team, Funding, Competitors & Financials

Cadence is a public company based in San Jose (United States), founded in 1988. It operates as a Provider of electronic design automation software for semiconductor industry. Cadence has raised an undisclosed amount in funding. The company has 328 active competitors, including 61 funded and 63 that have exited. Its top competitors include companies like Synopsys, Unity and National Instruments.

Company Details

Provider of electronic design automation software for semiconductor industry. The company supplies computational software, hardware, and IP for designing integrated circuits, systems-on-chips, and printed circuit boards. Tools cover schematic capture, simulation, synthesis, layout, physical design, verification, and analysis for digital, analog, and mixed-signal circuits. Solutions support system-level design for electronics, aerospace, defense, and automotive applications.

Website: www.cadence.com/
Social
Registered Address: San Jose, California

Key Metrics

Founded Year

1988

Location

San Jose, United States

Stage

Public

Latest Funding Round

Post IPO, Apr 07, 2023, $*****

Investors

Concord Venture Capital Group & 10 more

Ranked

4^th among 328 active competitors

Annual Revenue

$4.64B as on Dec 31, 2024

Employee Count

3,177 as on Dec 31, 2020

Investment & Acquisitions

Kandou & 43 more

Similar Companies

Synopsys & 289 more

Exit Details

Public

View Cadence's full profile

Cadence is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CADENCE DESIGN SYSTEMS INC CIN: 770148231 , United States, Active	Dec 26, 999	$4.64B (As on Dec 31, 2024)	3716 (As on Dec 31, 2024)	-
Cadence, CIN: 40103520245 , Latvia, Active	Mar 07, 2012	$813K (As on Dec 31, 2024)	11 (As on Dec 31, 2022)	-
CADENCE DESIGN SYSTEMS (INDIA) PRIVATE LIMITED CIN: U30007KA1986PTC080807 , India, Active	Dec 01, 1986	$368M (As on Mar 31, 2025)	3883 (As on Apr 01, 2025)

Cadence got listed on Jun 10, 1987.

Click here to take a look at Cadence's IPO in detail

Cadence has raised funding over 5 rounds. Its first funding round was on 1992. Cadence has 11 institutional investors.

Here is the list of recent funding rounds of Cadence:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 07, 2023	1773900	Post IPO	5693380	5081336	7549666	2034720
Jan 04, 2017	5326300	Grant (prize money)	1655861	5775430	8172471	Europa
Oct 07, 2014	5763746	Post IPO	7375009	5676695	1094332	Inertia Advisors

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Cadence's employee count trend

Cadence has 3,177 employees as of Dec 20. The total employee count is 61.0% lower than what it was in Dec 19. Here is Cadence's employee count trend over the years:

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Top competitors of Cadence include Synopsys, Unity and National Instruments. Here is the list of Top 10 competitors of Cadence, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Synopsys 1986, Sunnyvale (United States), Public	Provider of engineering solutions from silicon to systems, including EDA tools, semiconductor IP, and systems verification	-	New Enterprise Associates, Nvidia & 2 others	70/100
2nd	Unity 2004, San Francisco (United States), Public	Developer of a real-time development platform for 2D and 3D content	$894M	Silver Lake, DFJ Growth & 50 others	69/100
3rd	National Instruments 1976, Austin (United States), Acquired	Provider of hardware, software, and services for test and measurement	-	BAFA, Europa & 1 others	69/100
4th	Cadence 1988, San Jose (United States), Public	Provider of electronic design automation software for semiconductor industry	-	Concord Venture Capital Group, Herald Investment Management ... & 9 others	66/100
5th	MathWorks 1984, Natick (United States), Funding Raised	Developer of solutions for algorithm development	-	Tigerlabs, Endeavour Vision & 4 others	66/100
6th	proteanTecs 2017, Haifa (Israel), Series D	Provider of cloud-based lifecycle analytics software for chips	$250M	Koch Disruptive Technologies, Viola Group ... & 25 others	66/100
7th	Basemark 2015, Helsinki (Finland), Series B	Developer of software and tools for automotive augmented reality applications	$31.8M	ETF Partners, Businessfinland & 3 others	65/100
8th	Autodesk 1982, San Francisco (United States), Public	Developer of design and engineering software for 3D modeling and production	-	JANA Partners	63/100
9th	Data Patterns 1985, Chennai (India), Public	Provider of mission‑critical embedded electronic systems and sensor‑centric solutions	-	SIDBI Venture Capital, Yali Capital & 1 others	62/100
10th	Ansys 1970, Canonsburg (United States), Acquired	Provider of engineering simulation software for fluids, structures, electronics, and optics	-	Western Technology Investment, Kima Ventures ... & 4 others	60/100

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Cadence has made 10 investments in companies including Kandou and NVELO. Cadence has also acquired 34 companies including EMA and Secure-IC.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 23, 2026	Investments	Kandou	2011	Lausanne (Switzerland)
Mar 05, 2026	Acquisition	EMA	1989	Rochester (United States)
Jan 21, 2025	Acquisition	Secure-IC	2010	Cesson Sevigne (France)