Thalia, a Cwmbran, UK-based provider of a software platform that enables semiconductor businesses to develop new products using existing chip designs, has recently raised £2.1M in funding. With this latest round, the company's total raised funds now exceed £5.3M. The funding round was led by Mercia Ventures, alongside participation from Deepbridge Capital and private investor Guillaume d'Eyssautier. The company plans to utilize the funds to broaden its operations, further develop its AMALIA software suite, and strengthen its board with industry experts. Additionally, it aims to expand its engineering team, creating around 20 new jobs in the upcoming year.
Thalia, founded in 2011 by Sowmyan Rajagopalan, CEO, specializes in providing the Amalia platform, which incorporates artificial intelligence (AI) and machine learning (ML).
The platform allows semiconductor businesses to efficiently re-utilize their existing intellectual property (IP) for new technologies and applications. By diversifying and monetizing their current portfolio of designs, companies can free up their in-house engineers to focus on new product development. With a team of 26 employees based in Cwmbran, Wales, as well as an office in Chippenham, Thalia has rapidly gained traction in the industry, completing over 50 projects and achieving its first sale in 2015.
Thalia's success has been noteworthy as it has increased its revenue by over 300% in the past two years. The company is not limited to serving clients solely within the UK, as it sells to customers worldwide. In line with its growth strategy, Thalia has recently embarked on a sales drive in Europe, Israel, and China, expanding its global reach. With steady progress and significant funding, Thalia aims to continue leading the market in software platforms that facilitate innovation within the semiconductor industry.
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