Silvaco Group, which provides design automation software and semiconductor IP solutions, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Silvaco provides technology computer aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP), which enable semiconductor and photonics companies to increase productivity, accelerate products' time-to-market, and reduce development and manufacturing costs. Its customers include semiconductor manufacturers, original equipment manufacturers, and original design manufacturers who deploy Silvaco's solutions in production flows across its target markets, including display, power devices, and automotive, among others.
The Santa Clara, CA-based company was founded in 1984 and booked $54 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol SVCO. Silvaco Group filed confidentially on September 23, 2022. Jefferies and TD Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
