PragmatIC Printing Ltd, a Cambridge, UK-based provider of flexible electronics, raised £5.4m in funding.
The round was led by Cambridge Innovation Capital with participation from ARM Holdings and current shareholders.
The company intends to use the funds to hire more staff, to enable the scale-up of its production capacity (to 100 million flexible integrated circuits later this year) and to broaden its circuit design activities, including applications such as sensors, processors and wireless communications to enable the Internet of Things..
Ultra-thin and low-cost flexible microcircuits, incorporated into mass-market objects and packaging, are poised to revolutionise everyday living by providing consumers with real-time information about every aspect of their environment. These devices are the work of PragmatIC Printing Ltd, a world leader in flexible electronics, which has just completed a £5.4 million funding round led by Cambridge Innovation Capital (CIC) with support from ARM Holdings and existing shareholders to scale-up its operations.
Led by Scott White, Chief Executive Officer, PragmatIC provides printed electronic logic circuits that introduce intelligence and interactivity into a wide range of products and applications, in form factors that are not possible using silicon chips. The company operates a pilot line at the UK’s National Centre for Printable Electronics in Sedgefield, part of the Centre for Process Innovation (CPI), which supports customer prototyping activities as well as commercial production for deployment of new product concepts. It also licenses its technology for higher volume production.
The company serves large multi-national customers across a number of sectors, including consumer goods, security printing and wearable electronics.
FinSMEs
27/01/2015