Natalie Breymeyer / Axios : Circuit Mind, which uses AI to automate electronics and circuit design, raised $25M, including an $18.5M Series A led by Norwest, and plans a US relocation — Circuit Mind, a startup developing AI software for electronics design, raised $25 million, CEO Tomide Adesanmi tells Axios Pro exclusively.
Circuit Mind, which uses AI to automate electronics and circuit design, raised $25M, including an $18.5M Series A led by Norwest, and plans a US relocation (Natalie Breymeyer/Axios)
In short
Circuit Mind has secured $25 million in total funding, highlighted by an $18.5 million Series A round led by Norwest. The company builds artificial intelligence software designed to automate circuit design and electronics development. Chief executive officer Tomide Adesanmi confirmed the financing details alongside the startup's planned relocation to the United States. This fresh capital will help the team establish its new American base and advance its automated engineering technology.
Key points
- The startup plans an operational relocation to the United States following the new fundin…: The startup plans an operational relocation to the United States following the new funding.
- Capital will support software that uses artificial intelligence to automate electronics a…: Capital will support software that uses artificial intelligence to automate electronics and circuit design.
- The company has now amassed twenty-five million dollars to advance its hardware engineeri…: The company has now amassed twenty-five million dollars to advance its hardware engineering software.