Agile Analog gains $19 million for global expansion
Agile Analog, founded in August 2017, build configurable analog IP that is process-agnostic and aims to improve quality and ease design-in for SoC and ASIC developers.
The funding round was led by Omers Ventures and backed by existing investors Delin Ventures, Firstminute capital, and MMC Ventures. It brings the amount raised by the company to approximately $24 million.
Agile Analog said the money would allow the company to expand its technology offering and sales footprint. The company also claims its configurable approach to analog IP will help expand the total annual market size to $4bn in 2025 and that it would aim take a large share of that.
Agile Analog said plans to double its head count to more than 100 people over the next 12 months and will immediately expand its team in North America and open a Taiwan office for sales and application engineering staff. The company has also begun recruiting development engineers to be based at its Cambridge, UK headquarters and across Europe.
Part of the funding will be used for technology development and to expand the number of foundries supported. Cores currently support security, data conversion, power management, audio, signal processing and timing, with plans for further extension.
“The first chapter in Agile Analog’s story was about developing an automated process for generating high quality configurable analog IP which can be verified at every stage up to right-first-time tape-out,” said Peter Hutton, executive chairman of Agile Analog, in a statement. “This successful funding round marks the start of the next chapter: the technology and process are proven with a range of customers from OEMs to Tier 1 semiconductor companies. So now it’s time to enable all semiconductor companies and the increasing number of OEMs who are designing their own silicon.”
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