Thalia Design Automation Secures £2.1 Million Funding for Growth

July 19, 2023

Author: Karan Bodh
Thalia Design Automation Secures £2.1 Million Funding for Growth

Thalia Design Automation, a UK-based company specialising in analog IP reuse, has secured £2.1 million in funding, marking a significant milestone in its growth journey. Led by Mercia Ventures, with continued backing from Deepbridge Capital and private investor Guillaume d’Eyssautier, this investment round is poised to propel Thalia into its next phase of expansion.

Founded in 2011 by Sowmyan Rajagopalan, Thalia has been at the forefront of enabling semiconductor businesses to leverage their existing chip designs for developing new products. The company's flagship AMALIA platform, integrating AI and ML technologies, empowers semiconductor firms to re-utilize their intellectual property swiftly and efficiently. This strategic approach not only aids in diversifying product portfolios but also streamlines the development process, allowing engineers to focus on innovation.

With its headquarters in Cwmbran, Wales, and an additional office in Chippenham, Thalia has been on a trajectory of growth since its inception. The initial funding from Mercia and the Development Bank of Wales laid the foundation for the company's journey. Fast forward to today, with a team of 26 dedicated professionals, Thalia has witnessed remarkable growth, achieving over 300% revenue increase in the last two years.

The recent investment infusion will fuel Thalia's expansion initiatives, including the enhancement of its AMALIA software suite and the addition of industry experts to its board. Moreover, the company plans to ramp up its engineering team, creating around 20 new jobs within the next year. This move not only signifies Thalia's commitment to innovation but also its contribution to job creation in the semiconductor sector.

Commenting on the funding, CEO Sowmyan Rajagopalan expressed optimism about the future prospects, stating, “With the increasing demand from semiconductor businesses for ‘second-sourcing’ to unlock new markets and address evolving requirements, Thalia stands as the ideal strategic partner.” He further elaborated on the company's vision, highlighting the significance of the AMALIA platform in meeting industry demands for enhanced performance and power consumption.

Ashwin Kumaraswarmy from Mercia Ventures emphasised the transformative potential of Thalia's platform, noting, “Semiconductor chip design is a manual and painstaking process, and skilled engineering teams are rare. Thalia’s platform automates the whole process, enabling companies to diversify their product ranges quickly and cost-effectively.” This sentiment underscores the value proposition offered by Thalia's innovative solutions in addressing the challenges faced by semiconductor businesses.

Thalia's commitment to excellence and innovation has garnered recognition on a global scale. With clients worldwide and a customer-centric approach, the company is poised to solidify its position as an industry leader. The latest funding round not only reflects investor confidence but also underscores the immense potential of Thalia in driving innovation within the semiconductor ecosystem.

In conclusion, Thalia Design Automation's successful funding round marks a significant milestone in its journey of growth and innovation. With a steadfast focus on leveraging technology to empower semiconductor businesses, Thalia is poised to redefine the landscape of analog IP reuse. As the company embarks on its next phase of expansion, the future looks promising for Thalia and the semiconductor industry at large.