$312M
The funding values the artificial intelligence hardware startup at $3.3bn as it prepares to deliver its first customer racks.
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Arm
CorporatePortfolio
5
companies
Investment by month
By category
- AI/ML£276M
- Hardware£18.0M
- Telecoms£12.7M
By location
- London£232M
- Cambridge£62.2M
- Bristol£12.7M
Portfolio companies
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Blu Wireless
Blu Wireless develops high-speed millimeter-wave communication technology for fifth-generation networks and transport systems.
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Blu Wireless Technology
Blu Wireless Technology develops semiconductor and system intellectual property for millimetre wave communications.
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Olix
Olix designs specialised hardware to accelerate artificial intelligence inference in data centres.
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PragmatIC Printing
PragmatIC Printing builds flexible integrated circuits for smart packaging applications.
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Wayve
Wayve builds end-to-end artificial intelligence software for autonomous vehicles.
Team
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Noel Hurley
General manager, business segments group
Recent investments
$60.0M
Semiconductor giants join the autonomous driving software developer to support hardware integration and market rollout.
£12.7M
The investment round was led by Arm, Calculus Capital, Kendall, MGL, and Guinness Asset Management.
"The strong financial foundation that our investors are giving us will be crucial to our ability to work with our partners to deliver large scale mmWave 5G deployments across a number of key markets. Working closely with our partners and their customers, we are seeing a diverse and growing range of emerging applications for our technology – whether it be for drone-to-drone communications or private enterprise networks. We’d like to thank all our shareholders for their continued support at this pivotal commercialisation phase."
The strategic backing from ARM and other investors will advance millimetre wave and 5G network infrastructure applications.
"We are extremely excited by ARM’s investment and our common vision around how next generation wireless networks will be built"
£18.0M
The funding round includes strategic backing from Avery Dennison alongside existing investors ARM and Cambridge Innovation Capital.
"Avery Dennison works with more than 10,000 converters, brand owners and retailers worldwide, making them an ideal supply chain partner to deliver solutions based on our unique technology. We appreciate the confidence in our business reflected by this investment from Avery Dennison, as well as continued strong backing from CIC and ARM"
