Cadence Design Systems
Valuation
$8B
2024 Revenue
$5.1B
Customers
3K
Funding
$0
Avg ACV
$1.7M
Team
10.6K
Churn
5%
Founded
1988
How Cadence Design Systems CEO Lip-Bu Tan grew Cadence Design Systems to $5.1B revenue and 3K customers in 2024.
Cadence Design Systems was founded in 1988 after the merger of ECAD and SDA Systems. Cadence is known as an electronic design automation, or EDA, firm that specializes in developing software, hardware, and intellectual property that automates the design and verification of integrated circuits or larger chip systems. Historically, the firm's tools have been relied on by semiconductor firms, but there has been a shift toward other nontraditional systems users given the development of the Internet of Things, artificial intelligence, autonomous vehicles, and cloud computing. Cadence is headquartered in Silicon Valley, has approximately 7,600 employees worldwide, and was added to the S&P 500 in late 2017. The company seeks to strengthen and expand its core business through acquisitions.
Last updated
Cadence Design Systems Revenue
In 2024, Cadence Design Systems's revenue reached $5.1B. The company previously reported $2.7B in 2020. Since its launch in 1988, Cadence Design Systems has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Cadence Design Systems Hit $5.1b revenue in December 2024 |
| 2020 | Cadence Design Systems Hit $2.7b revenue in December 2020 |
| 2019 | Cadence Design Systems Hit $2.3b revenue in December 2019 |
| 1988 | Launched with $0 revenue |
Cadence Design Systems Valuation, Funding Rounds
Cadence Design Systems's most recent disclosed valuation is $8B.
Cadence Design Systems is a bootstrapped Systems Engineering & MBSE Tools startup. Founded in 1988, Cadence Design Systems has grown to $5.1B in revenue without raising any venture capital or outside funding.
As a self-funded Systems Engineering & MBSE Tools SaaS company, Cadence Design Systems has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Cadence Design Systems Employees & Team Size
Cadence Design Systems employs approximately 10.6K people as of 2026, up from 7.8K in 2021.
Cadence Design Systems has 10.6K total employees in different roles and functions. They have 3K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2025 | Reached 10.6K employees (November 2025) |
| 2025 | Reached 10.3K employees (July 2025) |
| 2021 | Reached 7.8K employees (April 2021) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Cadence Design Systems acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Cadence Design Systems
What is Cadence Design Systems's revenue?
Cadence Design Systems generates $5.1B in revenue.
Who founded Cadence Design Systems?
Cadence Design Systems was founded by Lip-Bu Tan.
Who is the CEO of Cadence Design Systems?
The CEO of Cadence Design Systems is Lip-Bu Tan.
How much funding does Cadence Design Systems have?
Cadence Design Systems raised $0.
How many employees does Cadence Design Systems have?
Cadence Design Systems has 10.6K employees.
Where is Cadence Design Systems headquarters?
Cadence Design Systems is headquartered in San Jose, California, United States.
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Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .