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Silexica's FPGA Tools, Years After EIC Accelerator Funding

October 7, 20262,108 words11 min

Silexica sold software that tells programmers how their code will behave on chips with many processor cores before they run it there. In the European Commission's 9 January 2019 round of the EIC SME Instrument Phase 2, the forerunner of the EIC Accelerator, the Cologne company won a grant for FuSy, a project to turn its SLX tools into what it called "the world's first Full-System Simulation tool" for autonomous driving, aviation and embedded vision, according to the Commission's list of selected companies, which names Silexica as the only beneficiary of the project. The EU contributed €1,989,197 to a €2,841,711.25 project that ran from 1 May 2019 to 30 April 2021, according to CORDIS.

Six weeks after the project ended, on 10 June 2021, the American chipmaker Xilinx announced that it had acquired Silexica, according to the acquisition announcement and the Dresden research centre cfaed, home of one of its co-founders. The price was not disclosed. Eight months later AMD completed its own takeover of Xilinx, according to AMD.

€1.99MEU contribution to FuSy
€2.84MTotal project cost
$28MVenture funding raised before the sale, as reported
6 weeksFrom project end to the Xilinx acquisition

Company file

Legal entity
Silexica GmbH, Amtsgericht Köln HRB 89481 (formerly Silexica Software Solutions GmbH, Aachen HRB 19277)
Registered
15 October 2014, Aachen; moved to Cologne December 2016
Origin
Spin-out of RWTH Aachen University's Institute of Communications Technology and Embedded Systems (ICE)
Founders
Maximilian Odendahl, Weihua Sheng, Jeronimo Castrillon, Rainer Leupers
Investors before the sale
EQT Ventures, Merus Capital, Paua Ventures, Seed Fonds Aachen, DSA Invest
Owner today
Xilinx, part of AMD since February 2022
Managing director
Brendan M. Farley, since July 2021
EIC project
FuSy, cut-off 9 January 2019, grant only, CORDIS 858051

What Is Left of Silexica Today

Silexica no longer operates as an independent company, and its own website, silexica.com, no longer resolves. The legal entity still exists. The commercial register shows Silexica GmbH at Widdersdorfer Straße 260 in Cologne after an address change published in March 2022, and its balance sheets for 2021, 2022, 2023 and 2024 were published between May 2023 and August 2025, according to North Data, which also lists trademark filings for "Silexica" in May 2025 and "SLX" in May 2026. In July 2021, a month after the acquisition, the founders Maximilian Odendahl and Johannes Emigholz were removed as managing directors and Brendan M. Farley was entered in their place. The balance sheets are filed in the short form that small German subsidiaries may use, and their figures for equity, staff and results could not be read free of charge for this article.

At the time of the deal, Xilinx said it would fold Silexica's SLX FPGA tool suite into its Vitis software platform, the toolchain developers use to program its FPGAs (chips whose circuits can be reconfigured after manufacture) and adaptive systems-on-chip. Salil Raje, then head of Xilinx's data centre group, said the technology "complements our existing Vitis solution and roadmap", according to the announcement and Startbase. Neither Xilinx nor AMD has since said publicly which Vitis features come from Silexica, or whether SLX FPGA is still sold as a product; this could not be verified.

"The integration of our technology with the Xilinx Vitis portfolio fully aligns with our goal of making adaptive computing accessible to software developers."

Maximilian Odendahl, former chief executive of Silexica, in the acquisition announcement, 10 June 2021

The Technology: Mapping Code Onto Many Cores

Modern chips for cars, drones and base stations combine several processor cores with specialised accelerators such as graphics processors, AI engines and FPGAs. Programmers usually write C or C++ for one core and then split the work across the others by hand, a slow process in which nobody can see in advance whether the hardware will be overloaded. The FuSy objective on CORDIS describes the alternatives as "laborious manual methods or unrealistic model-based tools".

Silexica's SLX tools analyse the source code itself, both statically and while it runs, to find the parts that can execute in parallel, and then estimate how the program will perform on a given chip. Co-founder Rainer Leupers told the European computing network HiPEAC that the work began as an academic research project around 2007, and Odendahl said Silexica was "the only ones not just using static code analysis, but adding dynamic source code analysis". In 2017 the company sold an SLX automotive package for spreading driver assistance code over multicore controllers and named Denso, Toyota, Fujitsu and Huawei as customers, according to Electronic Design; cfaed names Huawei and Samsung as early corporate customers.

By the time FuSy ran, the product had narrowed. SLX FPGA, released in versions such as 2019.4 in December 2019 and 2020.4 in January 2021, prepares C/C++ code for high-level synthesis, the process that turns software into FPGA circuits, inside Xilinx's own Vivado and Vitis flows. Silexica claimed an average 45-fold performance improvement for the 2019.4 release, and quoted an engineer at Fujitsu Kyushu Network Technologies as a user. In December 2020 it launched a plug-in for Xilinx's Vitis HLS compiler, with a Xilinx vice president quoted in the announcement. Before the sale, Silexica's main product was therefore built around a single chip vendor's tools.

What FuSy Promised, and What CORDIS Shows

The FuSy proposal set out a technical goal and a commercial one. Technically, SLX was to be "upgraded into a full-system simulation tool and its automotive application adapted", followed by a step-by-step launch in automotive, embedded vision, and aviation and defence. Commercially, Silexica expected "a turnover of €36.3M (of it €34.9M with FuSy) and a staff count of 210 employees by 2024", according to the CORDIS fact sheet.

The only published periodic report, for May 2020 to April 2021, says Silexica "developed a full system simulation environment" and extended its analysis with a performance simulation framework for GPUs, AI accelerators and FPGAs, and that "product readiness was successfully proven" through testing. The automotive adaptation named in the objective does not appear among the results, and the report's market plan had become a roll-out in "automotive, embedded vision/ robotics, aerospace etc." A CORDIS results article, last updated in February 2022, quotes project coordinator Raphael Bruns, by then at Xilinx, as saying the tool beat a hand-optimised post-quantum cryptography design from the US National Institute of Standards and Technology by 43% and cut three months of manual work to a couple of days. That figure comes from the company and has not been independently published.

  1. Full-system simulation in SLXDeliveredSimulation framework for GPUs, AI accelerators and FPGAs reported in the final period report.
  2. Automotive application adaptedNot shownNot mentioned among the reported results; the products launched in 2019 to 2021 targeted FPGA design.
  3. Launch in automotive, vision, aviation and defencePartlySLX FPGA releases and a Vitis HLS plug-in shipped; no sector launch announced.
  4. €36.3M turnover and 210 staff by 2024Not achievedNever reported; the company was absorbed by Xilinx in 2021 and files short-form balance sheets only.
  5. Project on scheduleOn timeRan its full term, 1 May 2019 to 30 April 2021, per CORDIS.

Read fairly, FuSy delivered what a grant can buy: the simulation technology was built and shipped in a commercial product line, on schedule. The plan to build a large European tools company did not happen. The report filed at the end of April 2021 still spoke of reaching "more than 200 EU-based employees by 2024"; within six weeks the company had been sold.

The Money Behind Silexica

Silexica was well financed before the EU grant. Seed Fonds Aachen and DSA Invest backed it in 2015; Merus Capital and Paua Ventures co-led an $8 million Series A in 2016; and EQT Ventures led an $18 million Series B in June 2018, with all earlier investors joining, according to Global Venturing and the law firm Osborne Clarke, which advised EQT. Both put the total raised at $28 million, the figure Xilinx repeated in 2021. The disclosed rounds add up to $26 million; the size of the seed round was not published.

Public money came earlier too. North Data, drawing on the German federal funding catalogue, lists an EXIST research transfer grant of €179,932 from June 2016 and Silexica's shares in three federally funded research projects: ARAMiS II on safety-critical multicore systems (€341,168), PARIS on parallel software for automated driving (€208,758) and EM-RAM on energy-efficient mapping for multiprocessors (€202,203). CORDIS lists no EU project for the company other than FuSy. The SME Instrument award was grant only, and no investment by the EIC Fund in Silexica has been announced; the Fund was set up in 2020.

What cannot be checked

The purchase price, the venture investors' return, the size of the Cologne team after the deal and the content of the post-2021 balance sheets are not public. No revenue or headcount figure for the years after the award was found in any company statement or freely readable filing.

Why Europe Should Care

Programming tools for complex chips are part of the semiconductor supply chain that the EU now treats as strategic; its Chips Act entered into force on 21 September 2023. Silexica is a clear case of how such know-how leaves European ownership. Six years of university research, German federal grants and a €1.99 million EU grant produced a Cologne tools company, and its technology went to a US chipmaker shortly after the EU project closed. The Cologne entity survives, and CORDIS reported in early 2022 that the team was "expanding rapidly" under Xilinx, so the work and at least part of the jobs stayed in Germany. The intellectual property and the product roadmap are now AMD's.

What the EU plan said

A full-system simulation tool for cars, aircraft and embedded vision, rolled out sector by sector, with €36.3 million in turnover and 210 staff in Europe by 2024.

What the record shows

The simulation framework was built and SLX FPGA shipped for Xilinx chips. Xilinx bought the company in June 2021, AMD bought Xilinx in 2022, and no turnover or staff figure for 2024 has been published.

The Verdict

An exit, not a scale-up

FuSy did its technical job on schedule, and the founders and investors got a trade sale to the leading FPGA vendor. What the EU did not get is the independent European tools company with 210 staff that the proposal described. The grant financed the last stretch of development before an American acquisition, and whether Silexica's technology still reaches customers under its own name is something AMD has not said.

Silexica, Xilinx and AMD have not been asked for comment for this article. It is based entirely on public records, company statements and EU project data, linked throughout.

Industry

Electronics and semiconductorsSemiconductors

Focus
  • Chip design tools
Technologies
  • Compiler technology
  • Numerical simulation
Keywords
  • High-level synthesis
  • FPGA
  • Multicore software
  • Electronic design automation

Start with the EIC Accelerator

Expert review for Step 1 and Step 2, suitability assessment and grant screening.

Eureka Network

Eureka Network offers multiple international collaborative R&D programs including Network Projects, Clusters, Eurostars, Globalstars, and Innowwide, with funding ranging from €50K to €6.75M per project depending on the specific program. The network focuses on market-driven innovation and deep-tech development across diverse technology sectors including ICT/Digital, Industrial/Manufacturing, Bio/Medical Technologies, Energy/Environment, Quantum, AI, and Circular Economy. Applicants include SMEs, large enterprises, research organizations, universities, and startups, with Eurostars specifically targeting R&D-performing SMEs.

EIC Transition

EIC Transition provides up to €2.5 million in funding to bridge the 'valley of death' between laboratory research and market deployment, focusing on technology maturation and validation. The program supports single legal entities or small consortia of 2-5 partners including SMEs, start-ups, spin-offs, and research organizations. Technology areas include Health/Medical Technologies, Green/Environmental Innovation, Digital/Microelectronics, Quantum Technologies, and AI/Robotics.

EIC STEP Scale-Up

EIC STEP Scale-Up offers substantial equity investments of €10-30 million for established deep-tech companies ready for hyper-growth and large-scale expansion. The program targets SMEs or small mid-caps with up to 499 employees who have secured pre-commitment from qualified investors. Focus areas include Digital & Deep Tech (Semiconductors, AI, Quantum), Clean Technologies for Net-Zero goals, and Biotechnologies.

EIC Pre-Accelerator

EIC Pre-Accelerator is a pilot program providing €300,000-€500,000 in funding for early-stage deep-tech development and preparation for the EIC Accelerator program. The initiative is exclusively available to single SMEs or small mid-caps from 'Widening countries' to support regional innovation development. The program covers deep-tech innovations across physical, biological, and digital domains.

EIC Advanced Innovation Challenges

EIC Advanced Innovation Challenges is a new pilot program offering €300,000 (Stage 1) and up to €2.5 million (Stage 2) for breakthrough deep-tech solutions through ARPA-style staged funding with demand-side integration. The program targets single entities or small consortia (2-3 partners) including SMEs, start-ups, and research organizations. Focus areas include Physical AI for autonomous robotics and New Approach Methodologies (NAMs) for animal-free biomedical testing, requiring TRL 4 entry with end-user commitment.

EIC Pathfinder

EIC Pathfinder offers up to €3 million for Open calls and up to €4 million for Challenge-based calls to support early-stage research and development with proof-of-principle validation. The program requires research consortia with a minimum of 3 partners from 3 different countries, including universities, research organizations, and SMEs. Technology focus areas include Health/Medical, Quantum Technologies, AI, Environmental/Energy, and Advanced Materials.

EIC Accelerator

EIC Accelerator provides flexible funding options including blended finance (€2.5M grant + €0.5M-€10M equity), grant-only (up to €2.5M), or equity-only arrangements for scale-up and market deployment of breakthrough innovations. The program targets SMEs, start-ups, and small mid-caps with up to 499 employees, with MedTech/Healthcare representing 35% of funded projects. Other technology areas include Biopharma, Energy, AI, Quantum, Aerospace, Advanced Materials, and Semiconductors.

Innovation Partnership

Innovation Partnership facilitates collaborative innovation between public and private sectors with typical funding of €1-5 million per project. The program supports cross-sectoral strategic technologies through public-private partnerships and consortia. Projects focus on addressing societal challenges through collaborative innovation approaches.

Innovation Fund

The EU Innovation Fund provides substantial funding of €7.5 million to €300 million for large-scale demonstration of innovative low-carbon technologies. The program targets clean energy, carbon capture, renewable energy, and energy storage technologies to accelerate the transition to a low-carbon economy. Applicants include large companies, consortia, and public entities capable of implementing large-scale demonstration projects.

Innovate UK

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Industrial Partnership

Industrial Partnership provides €2-10 million in funding for industrial research and innovation partnerships focusing on manufacturing, industrial technologies, and digital transformation. The program supports industrial consortia and research organizations in developing collaborative solutions for industrial challenges. Projects aim to strengthen European industrial competitiveness through strategic partnerships.

Eurostars

Eurostars is a joint EU-Eureka program offering €50K-€500K for international R&D collaboration specifically led by SMEs. The program takes a bottom-up approach, accepting projects from all technology fields without predefined thematic restrictions. R&D-performing SMEs must lead the consortium and demonstrate significant R&D activities.

LIFE Programme

The LIFE Programme provides €1-10 million in funding for environmental protection, climate action, and nature conservation projects across the European Union. The program supports environmental technologies, climate adaptation strategies, and biodiversity conservation initiatives. Applicants include public authorities, private companies, NGOs, and research institutions working on environmental and climate challenges.

Neotec

Neotec is a Spanish program offering €250K-€1M in funding for technology-based business creation and development, supporting the growth of innovative Spanish SMEs and start-ups. The program covers all technology sectors and aims to strengthen Spain's technology ecosystem. Funding is specifically targeted at Spanish technology-based SMEs and start-ups to enhance their competitiveness and market presence.

Thematic Priorities

EU Thematic Priorities encompass various programs aligned with EU strategic priorities including green transition, digital transformation, health, and security initiatives. Funding amounts vary based on the specific program and call requirements, with projects designed to address key European challenges. Applicant eligibility varies by specific program and call, with different requirements for different thematic areas.
EIC AcceleratorBeneficiary Deep Dive#Silexica#FuSy#SLX FPGA#FPGA#high-level synthesis#Xilinx#AMD#Germany
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