Synopsys Acquires Semiconductor Startup Terrain EDA

Nasdaq-listed electronic design automation company Synopsys Inc. has acquired semiconductor startup Terrain EDA, incorporated as Terrain Technologies Ltd., the latter announced Thursday. Financial details of the acquisition were not disclosed.

Founded in 2016 and based in Yokneam Illit, a town in Israel's north, Terrain EDA develops chip designs for the semiconductor industry. The company has been backed by investors including Israeli tech entrepreneur Avigdor Willenz, who was one of the founders of Galileo Technologies Ltd., sold in 2001 to Marvell Technology Group Ltd. for $2.7 billion. The company employs a team of 8 people, according to Tel Aviv-based research firm IVC Research Center Ltd. Terrain EDA’s chairman is Eli Fruchter who founded Israel-based chip company EZchip Technologies Ltd., which was acquired by Mellanox Technologies in 2016 for more than $780 million.