MMC backs Cambridge-based analog IP company, Agile Analog
Agile Analog has raised a $5 million pre-A funding round from MMC Ventures, Delin Ventures and firstminute Capital.
Agile Analog’s unique AI-driven platform replaces the existing manual design process that has not fundamentally changed in 60 years. The business will use the funding to expand the existing engineering team in Cambridge and deliver analog IP products to a wide range of waiting customers.
Analog circuits are needed on every chip to interface between the real world and the digital world. From sensors to battery connections to data transmission, analog components are the hidden driving force behind our modern digital lives.
Analog design, which is slow and manual is often the key bottleneck in chip design. Agile Analog’s innovative solution removes this bottleneck, giving customers exactly the type of component they want, on exactly the right semiconductor process, with industry-leading quality. This enables Agile Analog’s customers to accelerate the pace of chip innovation and provide smaller, cheaper, more reliable and lower power solutions.
Tim Ramsdale, CEO for Agile Analog said:
“I’m delighted with the confidence that our investors have placed in us. This investment will enable us to deliver to our customers faster and make possible a paradigm shift in the $2Bn analog IP market.”
See more on this story via The Telegraph.