(Yicai Global) Jan. 26 – X-EPIC, a less than a year-old Chinese chip design software developer, has raised hundreds of millions of yuan in its Series A+ round of financing, led by Sequoia Capital, less than two months since wrapping up its Series A round.

The maker of electronic design automation software attracted investment from Chengwei Capital and Shanghai's Xihao Investment Management, the Paper reported yesterday, citing the Nanjing-based firm.

The existing shareholders of Hillhouse Venture Capital, Gaorong Capital, 5Y Capital, Dashu Changqing Asset Management, and Shanghai-based Yuhan continued to pour money into the startup.

Last December, X-EPIC completed its over CNY200 million (USD30.7 million) Series A round of funding, led by Gaorong Capital. The software maker engaged in the emerging chip design sector in China has finished four rounds of fundraising in less than one year.

The proceeds of the latest round will be used to attract overseas research and development talent, as well as to accelerate the development of 2.0 EDA, according to the Paper's report.

Editor: Emmi Laine