Thalia raises $2.7m for IP reuse tool

Thalia raises $2.7m for IP reuse tool

Business news |
By Nick Flaherty

Thalia Design Automation in Wales has raised $2.7 million (£2.125m) to take its Amalia IP reuse tool down to 12nm and expand its operations.

The investment in Thalia  led by Mercia Ventures, who has backed the company since 2014, alongside continued support from Deepbridge Capital and private investor Guillaume d’Eyssautier who is also the chair.

Demand for IP reuse is driven by recent needs for second source chips as well as migrating challenging analog IP to newer process technologies under 20nm. The Amalia platform has been validated on over 50 IPs ranging from RF to Baseband and power management PMIC blocks to phase locked loops and analog to digital converters (PLL/ADC). Many are already in commercial use, solidifying Thalia’s position as an industry leader.

“With the increasing demand for second-sourcing to unlock new markets and address evolving requirements, Thalia stands as the ideal strategic partner,” says Sowmyan Rajagopalan, CEO of Thalia.

“Our Amalia platform provides a proven IP-reuse solution that enables semiconductor businesses to, for example, quickly and efficiently migrate existing IP designs into the sub-20nm range to align with the industry’s shift in this direction for better performance and power consumption,” he said.

“This latest funding will enable us to broaden the Amalia portfolio further, expand our geographical presence and resources and so offer our customers even greater opportunities and support.”

Thalia has already embarked on sales expansion initiatives in Europe, Israel, and China and will soon announce additions to its management team including well-known experts from within the industry.

The tool portfolio is also being broadened to address cutting edge process technologies in 12FF and smaller. The company has also recently announced a customer evaluation program for its software suite, which offers companies the opportunity to trial the latest version free for 30 days.

“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 to meet evolving demand and reach new markets,” said Ashwin Kumaraswarmy from lead investor Mercia Ventures. “It offers a comprehensive solution that no other platform can match. The funding will help the company to gain further commercial traction and establish itself as a leader in the industry.”

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