When was Verisity founded?

Verisity was founded in January 1988.

Where is Verisity headquartered?

Verisity is headquartered in Rosh Haayin, Center District, Israel.

What is Verisity's current status?

Verisity is currently active, although its status reason indicates it was acquired by Cadence Design Systems in January 2005.

What business models does Verisity utilize?

Verisity operates with a B2B business model.

What are the primary tags associated with Verisity?

Verisity is associated with the 'chips-design' and 'semiconductors' tags.

Verisity

A leading supplier of essential technology and methodology for the functional verification market.

Acquired by Cadence Design Systems

Acquired Rosh Haayin, Israel Founded 1996

Website ↗

Last updated 2026-07-20

Acquired by Cadence Design Systems for $315M, Apr 2005
Raised $23M IPO led by SG Cowen, Mar 2001
Raised $13M Series D, May 1999

Total raised

$49.5M

Stage

Acquired

Founded

1996

Headcount

Rosh Haayin, Israel

Sector

—

About

Verisity was an Israeli company that developed and marketed software tools to automate the functional verification of system chips, enabling engineers to track errors at the design stage and shorten verification schedules. The company provided proprietary technologies and software products used to efficiently verify designs of electronic systems and complex integrated circuits, automating the process of detecting flaws in these designs, enabling customers to deliver higher quality products, accelerate time-to-market and reduce overall product development cost. [3, 4]

Funding history · 7 rounds · $49.5M total

2001-03

IPO $23.0M TheStreet [5], Globes English [14]

★ SG Cowen★ Robertson Stephens★ Dain Rauscher Wessels

2000-12

E Round Undisclosed PitchBook [3]

1999-05

D Round $13.0M Globes English [16], PitchBook [3]

LSI LogicSequoia FundZohar ZisappelStanford UniversityGemini Israel VenturesAdvent Venture Partners

1998-12

C Round Undisclosed PitchBook [3]

1997-11

B Round Undisclosed PitchBook [3]

★ Sequoia Fund

1996-11

A Round $1.0M PitchBook [3]

EurofundZohar ZisappelGemini Israel VenturesAdvent Venture Partners

1996-02

Seed Undisclosed PitchBook [3]

EurofundZohar Zisappel

Q&A

What is Verisity's primary business?: Verisity provides technologies and software products used to verify the designs of electronic systems and complex integrated circuits for communications, computing, and consumer electronics markets worldwide.
When was Verisity founded?: Verisity was founded in January 1988.
Where is Verisity headquartered?: Verisity is headquartered in Rosh Haayin, Center District, Israel.
What is Verisity's current status?: Verisity is currently active, although its status reason indicates it was acquired by Cadence Design Systems in January 2005.
What business models does Verisity utilize?: Verisity operates with a B2B business model.
What are the primary tags associated with Verisity?: Verisity is associated with the 'chips-design' and 'semiconductors' tags.

Team · 2

Yoav Hollander

Founder · Founder & CTO

Avishai Silvershatz

Founder · Founder

Sectors & technology

Business model

B2B

External links

Website	www.verisity.com

Identifiers & details

Legal name	Verisity Ltd.
Founded	1996
Employees (exact)	30
Status reason	Acquired (Inactive) by Cadence Design Systems on Jan 2005 - closed due to acquisition

Acquisitions & public offerings

Acquired by Cadence Design Systems 2005-04 $315.0M

Radar intelligence

Patents

EPO	24