UK flexible IC pioneer backed by packaging giant
The investment adds to PragmatIC’s Series C of more than US$80 million, announced in October 2021 (see PragmatIC raises $80m for second plastic chip fab) and takes the Series C above US$90 million. Amcor said the two companies will seek to integrate PragmatIC’s FlexICs into Amcor’s portfolio of sustainable packaging solutions.
PragmatIC also makes the ConnectIC family of radio frequency identification and near-field communications ICs, which can be embedded into packaging to store and relay information to devices such as smartphones. This technology enables smart packaging applications across the entire product lifecycle – from manufacturing and supply chain management to consumer engagement and even material recovery.
Arm Ltd. was also part of the Series C funding round and Dipesh Patel, ARM’s chief technology officer, has joined the board of directors of PragmatIC.
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PragmatIC raises $80m for second plastic chip fab
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