Fundz

Uk's Pragmatic Secures £182M For Expansion Of Silicon-Free Chip Production

PRIVATEDec 06, 2023

Amount Raised

£182 Million

Round Type

Funding Round

CambridgeSemiconductor Manufacturing

Investors

Prosperity7 VenturesCambridge Innovation CapitalBritish Patient CapitalM Volution PartnersLatitudeNorthern GritstoneM&G’s Catalyst

Description

Cambridge-based semiconductor firm Pragmatic has announced the first close of its Series D funding round at £162 million. The firm says that plans for a second close are underway with £20 million already allocated to key investors.

Quick answer

Pragmatic raised £182 Million in a Funding Round round, dated December 6, 2023. Investors: Prosperity7 Ventures, Cambridge Innovation Capital, British Patient Capital, M Volution Partners, Latitude, Northern Gritstone and M&G’s Catalyst. Pragmatic is based in Cambridge, Massachusetts, United States.

How much did Pragmatic raise?
Pragmatic raised £182 Million in a Funding Round round on December 6, 2023.
Who invested in Pragmatic?
Prosperity7 Ventures, Cambridge Innovation Capital, British Patient Capital, M Volution Partners, Latitude, Northern Gritstone and M&G’s Catalyst are named as investors in this round.
What does Pragmatic do?
Pragmatic has developed an integrated circuit platform that doesn’t rely on silicon.
Where is Pragmatic based and how big is it?
Pragmatic is based in Cambridge, Massachusetts, United States.
Who are the decision-makers at Pragmatic?
Fundz holds 1 contact at Pragmatic. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Semiconductor Manufacturing around the same time

Companies in the same sectors as Pragmatic that raised within 45 days of this round, from Fundz verified event records.

  • IceMOS Technology raised an undisclosed amount on January 9, 2024.
  • Transphorm, Inc. raised $4.1M (Seed) on December 21, 2023.
  • BluGlass Ltd raised $640K (Seed) on December 6, 2023.
  • Crossbar, Inc. raised $5.2M on November 14, 2023.

Who to call at Pragmatic, and when

A new round usually means Pragmatic is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
  • Who you already know at Pragmatic, from your own LinkedIn network

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Company Information

Company

Pragmatic

Location

Cambridge, Massachusetts, United States

About

Pragmatic has developed an integrated circuit platform that doesn’t rely on silicon. Our revolutionary technology uses thin-film semiconductors to create flexible integrated circuits that are thinner than a human hair, and are significantly cheaper and faster to produce than silicon chips. This provides a compelling alternative for many mainstream electronics applications, as well as enabling new applications not possible with silicon. Pragmatic’s ultra-low-cost, ultra-thin, flexible integrated circuits make it possible to embed our chips into almost anything, bringing connectivity and intelligence to everyday objects. Example applications include radio frequency identification (RFID) and near field communications (NFC), where our chips cost less than a penny and allow these everyday objects to be given unique digital identities as well as interact with their environment. This brings game-changing benefits to the entire product lifecycle, including inventory reduction, traceability, counterfeit detection, proof of provenance, and customer interaction.

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