What is Pragmatic Semiconductor?
Pragmatic Semiconductor specializes in the design and manufacturing of FlexICs, which are ultra-thin, physically flexible integrated circuits. Leveraging advanced thin-film transistor (TFT) technology on flexible substrates, the company is at the forefront of creating next-generation semiconductor solutions. Their technology enables novel applications across various industries, offering a unique alternative to traditional rigid silicon chips. The company's focus on flexibility and thinness opens doors for integration into a wider array of products and form factors, positioning them as a key player in the evolving semiconductor landscape.
How much funding has Pragmatic Semiconductor raised?
Pragmatic Semiconductor has raised a total of $373.8M across 5 funding rounds:
Unspecified
$8.1M
Private Equity
$22M
Other Financing Round
$12.7M
Series C
$125M
Series D
$206M
Unspecified (2015): $8.1M with participation from Cambridge Innovation Capital
Private Equity (2016): $22M led by ARM, Cambridge Innovation Capital, and Avery Dennison
Other Financing Round (2016): $12.7M supported by Avery Dennison
Series C (2022): $125M featuring In-Q-Tel, Prosperity7 Ventures, Finance Durham Fund, British Patient Capital, and North East Development Capital Fund
Series D (2023): $206M backed by M&G
Key Investors in Pragmatic Semiconductor
M&G
Founded in 1931 and headquartered in London, United Kingdom, M&G is an international asset manager serving individual and institutional investors.
In-Q-Tel
In-Q-Tel (IQT) is a notforprofit strategic investment firm that acts as the U.S. national security communitys venture arm, identifying and investing in earlystage commercial technology companies worldwide to deliver capabilities in areas like space, biotech, microelectronics, AI, and energy for the CIA, broader Intelligence Community, DoD, and allied agencies.
Prosperity7 Ventures
Prosperity7 Ventures is the diversified growth fund of Aramco Ventures, a subsidiary of Aramco, the world's leading integrated energy and chemicals company. The fund's name is derived from 'Prosperity Well', the 7th oil well drilled in Saudi Arabia and the first to strike oil. Taking forward this pioneering history, the company invest globally, with a long term-view, in breakthrough technologies and transformational business models that will bring prosperity and positive impact on a vast scale.
What's next for Pragmatic Semiconductor?
The substantial enterprise-level investment Pragmatic Semiconductor has attracted indicates a strong market validation and a clear trajectory for scaling its operations. This capital infusion is expected to accelerate product development, enhance manufacturing capabilities, and expand market reach. The strategic nature of the recent financing suggests a focus on deepening industry partnerships and solidifying its competitive advantage in the flexible electronics sector. Pragmatic Semiconductor is poised to further innovate and capture market share in areas demanding flexible and integrated electronic solutions.
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