register free | resend password


Thalia DA attracts $2m investment to grow analog IP re-use platforms

ID: 1549609
recent pressrelease next pressrelease

(businesspress24) - Will accelerate customer engagement and expansion into USA; further broaden technology development

CWMBRAN, UK, 4 June 2019 – Thalia Design Automation today announced that it plans significant growth in its worldwide operations, following completion of a $2m (£1.52m) funding round led by Deepbridge Capital and with renewed commitment from the company’s existing investor Development Bank of Wales (formerly Finance Wales).

This latest round of funding will enable accelerated development of Thalia’s Re-use Platform-as-a-Service (RePaaS) solutions for analog IP re-use, design migration and portfolio extension, and aggressive expansion of both commercial and engineering activities in the UK, USA and continental Europe.

“Deepbridge is committed to fostering innovation and growth in businesses with truly disruptive market potential, and we believe that Thalia definitely falls into that category,” said Ray Eugeni, Partner at Deepbridge Capital. “We look forward to helping this globally-focused company fully realize the potential of its unique core technology assets, in markets across the world.”

Commenting on behalf of Thalia, Rodger Sykes, Chairman and CEO, said: “Analog design is one of the toughest challenges in the electronics industry today. I believe Thalia is creating a sea change in this key market, enabling our customers to move to an ‘IP on demand’ model, and offering cost and time schedule savings of up to 50%.”

Dr Carl Griffiths, Fund Manager at the Development Bank of Wales, commented: “Having been involved with Thalia since the early stages of its development, we’re delighted to see the fantastic progress the company has already made in the high value global technology space. Our follow-on investment in this latest funding round demonstrates our strong belief that Thalia has all of the tools to make the most of a massive market opportunity.”

As part of its continuing expansion, Thalia plans to grow its technology development capabilities in the UK and India, as well as establishing a strong presence both in Continental Europe and the USA. The company’s Re-use Platform-as-a-Service (RePaaS) solution combines an innovative methodology, advanced design automation technology and experienced analog engineering resources. It helps analog IP providers to maximize re-use of their existing product portfolio, to create new product variants quickly and easily, and to adapt their designs for manufacture using any semiconductor foundry service.




More information:
http://https://www.realwire.com/releases/Thalia-DA-attracts-2m-investment-to-grow-analog-IP-re-use-platforms



Keywords (optional):

thalia-da, thalia-design-automation, investment, development-bank-of-wales, deepbridge-capital, repaas,



Company information / Profile:

PressRelease by

PressContact / Agency:

Andy Gothard
Thalia Design Automation Limited
+44 (0)1633 647895
andy.gothard(at)thalia-da.com



published by: RealWire
print pressrelease  pressrelease as PDF  send to a friend  

Date: 06/04/2019 - 14:29
Language: English
News-ID 1549609
Character count: 2579
Kontakt-Informationen:
Firma: RealWire
Ansprechpartner: Leah Wood Feedback to businesspress24.com about Pressrelease-id:
Stadt: Lincoln
Telefon: 1522883640

Meldungsart: bitte
Versandart: Veröffentlichung
Freigabedatum: 04/06/2019

Number of hits: 419

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 432
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 51


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.