3 years ago

PragmatIC Semiconductor Secures $35 Million to Boost UK Semiconductor Production

  • UK-based semiconductor company PragmatIC Semiconductor has raised an additional $35 million in a Series C extension, bringing the total round to $125 million

  • The funding will support the construction of PragmatIC's second semiconductor fabrication plant in Durham and expand production capacity at its existing facility in Sedgefield

  • The oversubscribed round highlights investor confidence in PragmatIC's technology and growth potential, despite a challenging macroeconomic environment and declining startup funding trends.

      • ProblemTechnology

      "Traditional semiconductors are expensive and inflexible, making it difficult to integrate them into everyday objects. This limits the potential for innovation in areas like supply chain tracking, consumer products, and healthcare."

      Solution

      "PragmatIC Semiconductor creates flexible integrated circuits that are thinner than a human hair and can be embedded into almost any object. This allows for the creation of low-cost, innovative products that can be used in a wide range of applications, such as supply chain tracking, consumer products, and healthcare."

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