Series A4 June 2019

Thalia Design Automation secures £1.5m Series A funding led by Deepbridge Capital to expand operations.

Deepbridge Capital led the Series A round with participation from the Development Bank of Wales to accelerate expansion into the US market.

£1.5MSeries A

Thalia Design Automation provides a software platform that helps semiconductor businesses re-use existing chip designs for new products. The company operates from locations in Wales and England.

Thalia Design Automation has secured £1.5m in a Series A funding round led by Deepbridge Capital, alongside continued backing from the Development Bank of Wales. The capital will be deployed to scale customer engagement and broaden technology development.

The funds will support the accelerated development of the firm's Re-use Platform-as-a-Service solutions for analog IP re-use and design migration. Additionally, the business intends to drive commercial and engineering expansion across the UK, USA, and continental Europe.

Deepbridge Capital joined the round as lead investor, while the Development Bank of Wales participated as an existing backer. The investment follows ongoing progress in the global technology space.

From the founder

"Analog design is one of the toughest challenges in the electronics industry today. I believe Thalia is creating a sea change in this key market, enabling our customers to move to an ‘IP on demand’ model, and offering cost and time schedule savings of up to 50%."

Rodger Sykes

Chairman and CEO at Thalia Design Automation

Investor perspective

"Deepbridge is committed to fostering innovation and growth in businesses with truly disruptive market potential, and we believe that Thalia definitely falls into that category,"