# Circuit Mind Raises $25 Million and Launches AI Agents That Check Circuit Board Schematics Before a Prototype Is Built

Times of AI Desk · 2026-10-28 · Enterprise

[https://timesof.ai/2026/10/circuit-mind-25m-norwest-schematic-verification-agents](https://timesof.ai/2026/10/circuit-mind-25m-norwest-schematic-verification-agents)

> London-based Circuit Mind said on October 28 it raised $25 million, including an $18.5 million Series A led by Norwest and a previously unannounced seed round led by Third Prime, bringing its total to $33.4 million. It also launched AVE, which uses AI agents to check designs against component datasheets and a company's design rules, aimed at errors usually found only after boards are manufactured. Customer results it cites, including a Los Alamos design finished in about four hours, are mostly for its design tool, not the new verifier.

The new product Circuit Mind is launching targets the step where hardware mistakes get expensive: the gap between a finished schematic and a physical board. Errors in circuit design are typically caught only when boards are manufactured and tested, adding months and multiple iterations, the company says. Its new Agentic Verification Engine (AVE) uses AI agents to check designs against component datasheets and an organisation's own design rules before a prototype is built.

## The round

Circuit Mind said on Wednesday it raised $25 million in new financing, bringing its total funding to $33.4 million. The money includes an $18.5 million Series A led by Norwest, with existing investors Third Prime, Differential and Blackhorn and new investor Lightscape VC, plus a previously unannounced seed round led by Third Prime. Dave Zilberman, a general partner at Norwest, joins the board.

The London company, founded by Tomide Adesanmi and Basilio Gentile, says it will use the money to extend its platform across more of the design lifecycle, grow its teams and set up a U.S. headquarters.

## Two tools, one with a track record

Circuit Mind's existing application, ACE, turns a hardware block diagram into a schematic, bill of materials and supporting analysis in minutes, using what the company calls a patented, physics-based decision engine. SiliconANGLE describes AVE's agents as tracing every connection and bus in a circuit for mismatches with pin tables or operating voltages.

Most of the customer results Circuit Mind cites involve ACE, not the new verifier, SiliconANGLE notes. The company's release says Los Alamos National Laboratory engineers used its platform to complete in four hours a design that would have taken two weeks, in a peer-reviewed case study. SiliconANGLE, citing a report the lab cleared for public release, describes the same work as a medium-difficulty board finished in just over four hours against an estimated 60 to 80 hours by hand.

Schneider Electric's Daniel Gheno said early evaluations "indicate the potential to reduce architecture exploration effort by more than 90%." Circuit Mind says teams at Emerson, Schneider Electric and Fortune 5 companies work with it and that users have reduced bill of materials cost by 25%.

## Limits

- The 25% bill of materials figure and the Schneider estimate are company or customer claims without published methods.
- We did not read the Los Alamos case study itself; the four-hour figure and the 60 to 80 hour estimate come via the company and SiliconANGLE.
- There are no published results yet for AVE, which launched on Wednesday.

## Sources

- [GlobeNewswire: Circuit Mind Announces $25M in Funding to Accelerate the Rise of Electronic Design Intelligence (October 28, 2026)](https://www.globenewswire.com/news-release/2026/10/28/3390091/0/en/circuit-mind-announces-25m-in-funding-to-accelerate-the-rise-of-electronic-design-intelligence.html)
- [SiliconANGLE: Circuit Mind lands $25M and puts AI agents to work checking circuit board schematics (October 28, 2026)](https://siliconangle.com/2026/10/28/circuit-mind-lands-25m-and-puts-ai-agents-to-work-checking-circuit-board-schematics/)