Thalia secures £2.1m from Mercia Ventures and other backers to expand operations and engineering capacity.
The investment round was led by Mercia Ventures with participation from Deepbridge Capital and Guillaume d'Eyssautier.
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 has secured £2.1m in a funding round led by Mercia Ventures, with additional participation from Deepbridge Capital and private investor Guillaume d'Eyssautier. The fresh capital will be directed towards broadening operations, further developing the AMALIA software suite, and expanding the engineering team.
Founded in 2011 and based in Cwmbran, the company employs 26 people and supports semiconductor firms in migrating and diversifying their intellectual property portfolios. The latest injection brings Thalia's total funds raised to over £5.3m.
From the founder
"With the increasing demand from semiconductor businesses for 'second-sourcing' to unlock new markets and address evolving requirements, Thalia stands as the ideal strategic partner. Our AMALIA platform provides a proven solution that enables them to, for example, quickly and efficiently migrate existing designs into the sub-20 nanometre range to align with industry demand for better performance and power consumption."
Sowmyan Rajagopalan
CEO at Thalia Design Automation
Use of funds
- 01Scale operations
- 02Continue product development
- 03Grow the team
Investors
Categories
About the company
Thalia Design Automation
Thalia Design Automation develops software that enables semiconductor businesses to reuse existing chip designs.