Insect-inspired EDA firm raises funds
Previously the company raised funding worth about $1 million in 2014 (see Insect-based EDA gets funded).
Existing investors Mercia Fund Management Ltd. and Finance Wales have re-invested and, according to the company, this is due partly to significant customer engagements achieved in the last 18 months. The company is headquartered in Cwmbran, Wales and engineering resources in Hyderabad, India.
Thalia has developed EDA tools that use behaviour algorithms derived from nature for the rapid optimization of analog and mixed-signal parameters. Amongst those algorithms are representations of the way insects such as ants and bees search for food.
The company was founded in 2011 by Sowmyan Rajagopalan, who serves as CEO and CTO. Rajagopalan had previously worked as CAD engineering manager for Micrel Inc. Rodger Sykes, a UK semiconductor industry veteran, serves the company as chairman.
Next: Money for expansion
“Analog IP re-use is one of the biggest challenges facing the electronics industry today, and customers tell us that our approach, blending advanced design automation tools and methodology with experienced, expert design resources, really provides them with a competitive edge for reduced cost and time to market,” Sykes said in a statement.
Thalia said it will use the latest round of investment for sales and to expand its team of analog IC developers. Thalia operates in analog, mixed-signal and RF domains and its customers include IC manufacturers and IP licensors looking to diversify and expand their IP catalog.
“Our message to IP providers is that analog design doesn’t have to be a black art – there are technologies and design resources out there that can help with re-use and product diversification, every bit as powerful as those available in the digital design space,” said Rajagopalan, in the same statement.
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