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Tuesday 14 May 2019

Backers chip in $5m for Agile Analog

logoAs we all go increasingly digital, it is easy to forget that the real world (especially people) is still very much analogue. Hence the need for electronics to connect the digital world to the analogue world, which is where Cambridge-based chip design startup Agile Analog has pitched its tent.

Founded in 2017 by ex-Arm engineers, Agile Analog has developed software which is claimed to automate the currently manually-intensive analogue chip design process. Agile Analog has just closed a $5m Pre-Series funding round backed by Delin Ventures, firstminute Capital and MMC Ventures.

The UK has a rich heritage in microchip innovation, much of which (Arm, Imagination, CSR, Wolfson) has been sold off to foreign buyers (see Goodbye Imagination). We’ve still got Bristol-based Graphcore, though, which raised a further $200m last December following a $50m raise in November 2017 (see 'AI chipper' Graphcore secures another $50m). The recent round valued Graphcore at some $1.7bn.

Agile Analog holds much promise. Is it too much to hope that the promise can be fulfilled here in the UK?

Posted by Anthony Miller at '08:05' - Tagged: funding   startup  

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