Cadence Design Systems acquired startup ChipStack to enhance its AI-driven verification capabilities.

Cadence Design Systems has agreed to acquire Seattle-based startup ChipStack, which focuses on developing AI tools to accelerate chip verification and design. ChipStack emerged from Seattle's AI2 incubator in 2023 and has raised over $7 million in funding. This acquisition will enhance Cadence's AI-driven verification capabilities. The two companies have previously collaborated on several integration projects.