Motivo Names Jens Andersen
Vice President of Sales
Industry Veteran to Drive Revenue as Motivo Continues to Accelerate AI-Enabled Chip Design and Improve Manufacturing Yields
About Motivo, Inc.
Motivo, Inc. is a developer of AI-enabled chip design and analytics solutions with offices in Palo Alto, Austin, Singapore and Toronto.
Established in 2015, Motivo is led by an experienced team with decades of expertise in semiconductors, design manufacturing, artificial intelligence, and machine learning.
For more information on Motivo, visit motivo.ai
Motivo and the Motivo logo are registered trademarks of Motivo, Inc.
Contact
Katy Wells
news@motivo.ai
669-200-9258
SAN FRANCISCO, CA – November 19, 2021 – Motivo ® , Inc., developer of AI-enabled chip design and data analytics solutions, today announced that Jens Andersen has joined the company as Vice President of Sales.
In this role, Mr. Andersen will be responsible for developing and leading the sales team, accelerating revenue by aligning Motivo with its customers’ goals and expanding into new markets, and developing new channels.
Mr. Andersen joins Motivo after more than 20 years focusing on IC design optimization, including yield, power, performance, area, and design closure, all aligning perfectly with Motivo’s core technologies and customer targets. In addition, he brings more than 25 years of sales and management experience to Motivo, having served as CEO of design sign-off company Invarian, Inc. until its 2015 acquisition by Silvaco; as VP of Sales for standard cell library platform and performance, power, and area optimization company Nangate, Inc.,; and VP of Sales for Zenasis Technologies. Prior to that, he was Director of Sales for Cadabra Design Automation and Numerical Technologies before it was acquired by Synopsys, Inc.
“Motivo’s advanced analytics, machine learning and artificial intelligence (AI/ML) technologies are delivering strong results to customers, reducing IC design validation time by as much as 50% and improving manufacturing yield defectivity by over 30%.
"We are happy to welcome Jens to the team and look forward to scaling up adoption of our breakthrough technologies across the industry. ” said Bharath Rangarajan, Founder and CEO of Motivo.
“Motivo has developed superior AI/ML chip design and data analytics solutions to significantly improve yield and reduce time and cost getting designs to market. I am excited to be working with a team that has combined decades of expertise in IC design, computational imaging and manufacturing technologies, and AI,” said Mr. Andersen. “The current global chip shortage and the innovation race stand ready to benefit tremendously from Motivo’s yield optimizing
technology and significantly reduce complex design closure time-to-market.”
Motivo continues to take significant strides to deliver on its vision of using its AI-driven solutions to reduce by a factor of 10 today’s time and cost to design and ramp yield on the next generation of chips. Motivo’s proprietary technologies accelerate chip design utilizing an innovative learning-on-graph methodology for automated data-driven feature extraction.
Motivo’s M-Graph™ and other core, explainable AI technologies can be applied across the entire design flow, from RTL code to layout geometries, thereby improving time to market, increasing yield, and reducing costs.
Motivo, Inc. Raises $12 Million Series A to Accelerate AI-Enabled Chip Design and Improve Manufacturing Yields
SAN FRANCISCO--(BUSINESS WIRE)--Motivo®, Inc., developer of AI-enabled chip design and data analytics solutions, today announced it raised a $12 million Series A financing round led by Intel® Capital, along with other new investors Storm Ventures and Seraph Group as well as participation from Inventus Capital and other existing investors that include multiple IC industry C-suite executives. This financing follows earlier seed rounds of $8 million, bringing total capital raised to $20 million. With this oversubscribed funding round, Motivo is set to take significant strides to deliver on its vision of using its AI-driven solutions to reduce by a factor of 10 today’s time and cost to design and ramp yield on the next generation of chips. The company plans to apply the funding to scale the business and double the team within the next 12 months.
News and Quotes
"Motivo raises $12M Series A to speed up chip design with AI”
– Ron Miller - TechCrunch
Motivo: The Next Leap for the Semiconductor Industry
– Arun Penmetsa - Storm Ventures
"Semiconductors power the data economy. The Motivo team has created solutions that can dramatically shorten the design cycle and optimize manufacturing process yields, which in turn has the potential to unlock and accelerate innovation across the technology sector.”
– Anthony Lin - Head of Intel Capital
"Motivo is the leader in explainable/interpretable AI and ML solutions for IC design analytics and optimization. Their technologies have delivered highly meaningful results to customers, and they are in the best position to use these solutions to improve yields and dramatically reduce the time and expense of delivering chips that will power the future."
- John Dougery - Managing Director of Inventus Capital
