About Cadence
Cadence is a company based in San Jose (United States) founded in 1988.. The company has 12,700 employees as of December 31, 2024. Cadence has completed 32 acquisitions, including ARCW, AWR and Altos Design Automation. Cadence operates in a competitive market with competitors including Unity, Autodesk, Synopsys, Dassault Systems and Ansys, among others.
- Headquarter San Jose, United States
- Employees 12700 as on 31 Dec, 2024
- Stage Public
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Sectors
Media & EntertainmentIndustrial Goods & Manufacturing Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Cadence Design Systems, Inc.
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Annual Revenue
$4.64 B13.48as on Dec 31, 2024
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Net Profit
$1.06 B1.38as on Dec 31, 2024
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EBITDA
$1.58 B11.43as on Dec 31, 2024
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Latest Funding Round
$640 K (USD), Post-IPO
Apr 07, 2023
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Investors
European Union
& 2 more
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Employee Count
12700
as on Dec 31, 2024
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Investments & Acquisitions
ARCW
& 31 more
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IPO & Listings of Cadence
Cadence is a publicly listed company on the NASDAQ with ticker symbol CDNS in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
304 people
Leadership Team
65 people
Creative and Marketing Team
61 people
Sales and Marketing
60 people
Product Management Team
42 people
Senior Team
32 people
Finance and Accounting
16 people
Lead Team
16 people
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Funding Insights of Cadence
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $640,000
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Post-IPO - Cadence | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Cadence | Valuation |
investors |
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| Oct, 2014 | Amount | Post-IPO - Cadence | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cadence
Cadence has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Alantra and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Alantra is engaged in providing international financial services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cadence
Cadence has strategically engaged in corporate development activities, having acquired 32 companies. Notable acquisitions include ARCW, AWR and Altos Design Automation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Augmented reality app to interact with circuit boards
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2018 | ||||
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2015 | ||||
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Outsourced Chip Design
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cadence
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cadence Comparisons
Competitors of Cadence
Cadence operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Unity, Autodesk, Synopsys, Dassault Systems and Ansys, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Unity is recognized as a leading real-time development platform.
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| domain | founded_year | HQ Location |
Provider of cloud-based 3D CAD modeling software for the AEC industry
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| domain | founded_year | HQ Location |
Electronic design automation solutions are provided for semiconductor systems.
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| domain | founded_year | HQ Location |
SaaS-driven BIM and 3D modeling solutions are offered for construction.
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| domain | founded_year | HQ Location |
CAD-based design analysis simulation software is provided for engineers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cadence
Frequently Asked Questions about Cadence
When was Cadence founded?
Cadence was founded in 1988 and raised its 1st funding round 4 years after it was founded.
Where is Cadence located?
Cadence is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Who is the current CEO of Cadence?
Anirudh devgan is the current CEO of Cadence.
How many employees does Cadence have?
As of Dec 31, 2024, the latest employee count at Cadence is 12,700.
What is the annual revenue of Cadence?
Annual revenue of Cadence is $4.64B as on Dec 31, 2024.
What does Cadence do?
Cadence was founded in 1988 in San Jose, United States, within the electronic design automation sector. Cloud and AI-enabled software tools for integrated circuit development are developed and supplied. The offerings encompass solutions for full-custom ICs, digital design and signoff processes, power analysis, verification systems, intellectual property creation, IC-PCB co-design, multiphysics simulations, and embedded software integration. Operations focus on supporting semiconductor industry workflows globally.
Who are the top competitors of Cadence?
Cadence's top competitors include Unity, Synopsys and National Instruments Corporation.
Is Cadence publicly traded?
Yes, Cadence is publicly traded on NASDAQ under the ticker symbol CDNS.
How many acquisitions has Cadence made?
Cadence has made 32 acquisitions, including ARCW, AWR, and Altos Design Automation.
Who are Cadence's investors?
Cadence has 3 investors. Key investors include European Union, Alantra, and Sequoia Capital.
What is Cadence's ticker symbol?
The ticker symbol of Cadence is CDNS on NASDAQ.
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