PragmatIC Printing raises £18m to scale flexible electronics production.
The funding round includes strategic backing from Avery Dennison alongside existing investors ARM and Cambridge Innovation Capital.
PragmatIC Printing develops ultra-thin flexible electronics and integrated circuits designed to embed intelligence into everyday objects.
Cambridge-based PragmatIC Printing has secured £18m in a new funding round backed by strategic investor Avery Dennison alongside returning backers ARM and Cambridge Innovation Capital. The capital will support the commercialisation of the company's FlexLogIC modular manufacturing equipment and accelerate the mass deployment of intelligent packaging solutions.
The investment marks a transition for PragmatIC from pilot-scale operations into volume manufacturing. By integrating its flexible integrated circuits into packaging inlays, the firm aims to enable connected objects across global supply chains.
Use of funds
- 01Continue product development
- 02Build out infrastructure
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About the company
PragmatIC Printing
PragmatIC Printing builds flexible integrated circuits for smart packaging applications.