Solido Design - About the company
Solido Design is an acquired company based in Saskatoon (Canada), founded in 2005 by Trent McConaghy and Amit Gupta. It operates as a ML-powered variation-aware design software. Solido Design has raised $6.5M in funding from investors like BDC, Victoria Capital Management and . The company has 308 active competitors, including 49 funded and 55 that have exited. Its top competitors include companies like Cognichip, National Instruments and Flux AI.
Company Details
Solido provides advanced variation-aware design and characterization software powered by proprietary machine learning technologies. The company has launched ML Labs - making it the first vendor to make commercially available machine-learning algorithms to semiconductor customers. The company plans to partner with semiconductor companies to develop new ML-based EDA products. As of June 2017, the company claims that its solutions are being employed in over 40 companies worldwide.
- Website
- solidodesign.com
- Social
Key Metrics
Founded Year
2005
Location
Saskatoon, Canada
Stage
Acquired
Total Funding
$6.5M in 1 round
Latest Funding Round
Ranked
52nd among 308 active competitors
Employee Count
10 as on Sep 30, 2026
Exit Details
Acquired by Siemens (Nov 20, 2017)
Solido Design's acquisition details
Solido Design got acquired by Siemens on Nov 20, 2017.
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Solido Design's funding and investors
Solido Design has raised a total funding of $6.5M over 1 round. Its latest funding round was a Series B round on Aug 27, 2007 for $*****. 3 investors participated in its latest round. Solido Design has 4 institutional investors.
Here is the list of recent funding rounds of Solido Design:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 27, 2007 | 9582854 | Series B | 7170801 | 5785281 | 3515635 | 2279828 |
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Solido Design's founders and board of directors
Founder? Claim ProfileThe founders of Solido Design are Trent McConaghy and Amit Gupta.
Here are the details of Solido Design's key team members:
- Trent McConaghy: Co-Founder & CTO of Solido Design.
- Amit Gupta: Co-Founder, President & CEO of Solido Design.
View details of Solido Design's Founder profiles and Board Members
Solido Design's employee count trend
Solido Design has 10 employees as of Sep 26. Here is Solido Design's employee count trend over the years:
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Solido Design's Competitors and alternates
Top competitors of Solido Design include Cognichip, National Instruments and Flux AI. Here is the list of Top 10 competitors of Solido Design, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cognichip 2024, Redwood City (United States), Series A | Developer of physics informed artificial intelligence models for chip design | $93M | 68/100 | |
2nd | National Instruments 1976, Austin (United States), Acquired | Provider of hardware, software, and services for test and measurement | - | 68/100 | |
3rd |  Flux AI 2019, San Francisco (United States), Series B | Developer of an AI-powered platform for PCB design and layout | $49M | 67/100 | |
4th | Cadence 1988, San Jose (United States), Public | Provider of electronic design automation software for semiconductor industry | - | 67/100 | |
5th | Synopsys 1986, Sunnyvale (United States), Public | Provider of engineering solutions from silicon to systems, including EDA tools, semiconductor IP, and systems verification | - | 66/100 | |
6th | Mentor Graphics 1981, Wilsonville (United States), Acquired | Developer of software tools for electronic design automation | - | 64/100 | |
7th | Normal Computing 2022, New York City (United States), Series A | Developer of AI software for hardware engineering and EDA solutions | $85M | 63/100 | |
8th | proteanTecs 2017, Haifa (Israel), Series D | Provider of cloud-based lifecycle analytics software for chips | $250M | 63/100 | |
9th |  Altium 1985, San Diego (United States), Acquired | Developer of PCB design and cloud collaboration software for electronics engineering | - | 62/100 | |
10th | Data Patterns 1985, Chennai (India), Public | Provider of mission‑critical embedded electronic systems and sensor‑centric solutions | - | 62/100 | |
52nd | Solido Design 2005, Saskatoon (Canada), Acquired | ML-powered variation-aware design software | $6.5M | 38/100 |
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Solido Design's Investments and acquisitions
Solido Design has made no investments or acquisitions yet.
Reports related to Solido Design
Here is the latest report on Solido Design's sector:
News related to Solido Design
•
Siemens strengthens IC market commitment with acquisition of Solido Design AutomationPR Newswire•Nov 20, 2017•Siemens, Solido Design
•
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