What Metrics Technologies does

Metrics Technologies is a privately held Ottawa-based company founded in 2017 that describes itself as the first true cloud solution for Electronic Design Automation (EDA). The company operates with a small team of 11–50 employees and targets the IC design ecosystem, where legacy EDA software has historically been deployed on-premise at high cost and high compute footprint. Metrics' cloud-native positioning implies a SaaS-style delivery model aimed at reducing infrastructure burden and improving accessibility for semiconductor design teams.

The company is led by a bench of veteran EDA executives, including Doug Letcher and Sanjiv Kaul serving as CEO and President, Jim Hogan as Chairman, and Joe Costello as Executive Chairman. This leadership pedigree suggests the company is pursuing a credibility-led enterprise go-to-market in a technically demanding, conservative-buyer category. No specific product modules, customer wins, revenue figures, or pricing details for Metrics Technologies are disclosed in the available source material.

The source set is materially incomplete: the bulk of the product, technology, revenue, and partnership data provided pertains to Siemens EDA rather than Metrics Technologies, and has been excluded from this analysis. As a result, the core questions — what specific EDA tool categories Metrics covers, who its customers are, how it prices, how it is funded, and how it differentiates — cannot be reliably answered from the evidence available.

Name

Metrics Technologies

Website

https://metrics.ca

Company type

Private

Founded year

2017

Headcount range

11–50 employees

Short description

Metrics Technologies is a privately held Ottawa-based company founded in 2017 that offers the first true cloud-native solution for Electronic Design Automation, serving IC design teams with a small, veteran-led team of 11–50 employees.

Ownership category

akta.pro rank

Product category

Electronic Design Automation

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

EDA Cloud/SaaS, Design Data Management & Collaboration (HDAHAFAJ)

Keywords

• Cloud EDA platform
• Electronic design automation
• Cloud-based IC design
• Semiconductor design tools
• EDA software solutions

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Revenue model

1. EDA Software Licenses: Enterprise software licensing model for IC design, verification, and manufacturing tools. Includes subscriptions, perpetual licenses, and usage-based models for comprehensive EDA tool flows.
2. Software Maintenance and Support: Annual maintenance contracts providing software updates, technical support, and access to new features for deployed EDA tools.
3. Professional Services: Implementation, training, and consulting services for EDA tool deployment and optimization.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Metrics Technologies delivers the first true cloud solution for Electronic Design Automation, providing cloud-native IC design and verification tools. The platform enables semiconductor companies to perform EDA workflows in the cloud rather than relying on traditional on-premises tool deployments.

Product overview

Siemens EDA provides a comprehensive IC design, verification, and manufacturing tool portfolio enabling customers to design innovative integrated circuits that drive digitalization worldwide. The portfolio includes Questa One for AI-powered smart verification, Veloce for hardware-assisted verification, Calibre Design Solutions for physical verification and DFM optimization, Tessent for silicon lifecycle management, and Solido for variation-aware design and AI-enabled custom IC design. The company also offers broader Siemens Xcelerator platform products including Building X, NX X, Electrification X, Gridscale X, and the Eigen Engineering Agent for industrial automation.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• IC verification can account for up to seventy percent of the IC design cycle - Siemens tools help reduce this through intelligent automation

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• NVIDIAcoreStrategic or Co-development PartnerBuilding the Industrial AI operating system for the physical world. Partnership combines NVIDIA's AI and computing capabilities with Siemens' industrial automation expertise, including deployment of humanoid robots (HMND 01 Alpha) in Siemens' Erlangen factory using NVIDIA's physical AI stack.
• Intel FoundrycoreTechnology or IntegrationAdvanced collaboration enabling cutting-edge integrated circuits and advanced packaging solutions for 2D and 3D IC designs on Intel Foundry's latest silicon processes. Includes tool certification for design enablement.
• ExcelliconcoreStrategic or Co-development PartnerSiemens acquisition of Excellicon - a company specializing in IC timing software for development, verification, and management of timing constraints. Expected to bring best-in-class timing constraint software to Siemens' EDA portfolio.
• HumanoidminorStrategic or Co-development PartnerPartnership to deploy HMND 01 Alpha humanoid robots in industrial operations at Siemens' Erlangen factory, built on NVIDIA's physical AI stack for autonomous logistics tasks.
• Engineering GroupminorChannel Partner/ Reseller/ DistributorEcosystem partner providing cutting-edge solutions across the industrial lifecycle within the Siemens Xcelerator ecosystem.
• AvasisminorChannel Partner/ Reseller/ DistributorPlatinum partner for Siemens software success within the ecosystem, providing implementation and support services.
• AccentureminorImplementation/ SI/ Consulting PartnerDelivering enterprise-wide digital transformation services as part of the Siemens ecosystem.
• Software Improvement GroupminorImplementation/ SI/ Consulting PartnerEcosystem partner delivering software assurance for the Siemens ecosystem.

Scale indicators5 records

Recent moves2 records

Expansion highlights2 records

Emerging players

• Empyrean Technology: Chinese EDA vendor offering a full-flow platform for analog, digital, and verification across multiple process nodes. Comparable as an emerging EDA player trying to build a full alternative flow against the big three, with similar customer-acquisition challenges.
• Primarius Technologies: China-based EDA company focused on device modeling, circuit simulation, and sign-off. Comparable as a smaller EDA pure-play targeting the same verification and characterization niches where Metrics' cloud platform could compete.

Direct peers

• Cadence Design Systems: One of the 'big three' EDA incumbents, offering the full IC design and verification flow. Directly comparable because it sells EDA tooling into the same semiconductor customer base, increasingly via cloud-deployed offerings, and competes for the same verification and sign-off budgets Metrics targets.
• Silvaco: Smaller, publicly listed EDA vendor focused on TCAD, device simulation, and analog/mixed-signal design tools. Comparable because it is a non-incumbent EDA pure-play trying to grow against the big three, with a similar niche-point-tool commercial strategy to Metrics.
• Siemens EDA: Siemens' EDA division (formerly Mentor Graphics), offering Questa, Veloce, Calibre, Tessent, and Solido. Directly comparable because it is the third of the EDA 'big three' and the primary incumbent its product breadth matches; Metrics must displace its installed base to win.
• Zuken: EDA vendor specializing in PCB and electrical design, with ongoing cloud-ification of its tool portfolio. Comparable as a smaller EDA pure-play pursuing SaaS delivery, though its primary market is PCB rather than IC design.
• Synopsys: The largest EDA vendor by revenue, with a comprehensive digital, analog, and verification portfolio plus cloud delivery options. Directly comparable because it competes across the same IC design and verification flow and is investing in AI-driven EDA, the same wedge Metrics is pursuing.

Broad incumbents

• Ansys: Multiphysics simulation platform with overlap into IC and semiconductor design verification. Comparable because it competes for the same verification and simulation budgets, but operates as a broader simulation incumbent rather than an EDA-native cloud vendor.
• Keysight Technologies: Electronic design and test solutions company with EDA-adjacent offerings in RF/microwave and high-speed digital design. Comparable as a broader incumbent touching IC design workflows, though its primary focus is on instrumentation rather than full EDA flows.
• Altair Engineering: Simulation, CAE, and HPC software company with some overlap into electronic system design. Comparable as a cloud-enabled engineering software vendor, though it is broader and less centered on IC verification than Metrics' wedge.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/metricsdotca

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metrics Technologies