Thalia Design Automation recently announced that it plans significant growth in its worldwide operations, following completion of a $2m (£1.52m) funding round led by Deepbridge Capital and with renewed commitment from the company’s existing investor Development Bank of Wales (formerly Finance Wales).
This latest round of funding will enable accelerated development of Thalia’s Re-use Platform-as-a-Service (RePaaS) solutions for analog IP re-use, design migration and portfolio extension, and aggressive expansion of both commercial and engineering activities in the UK, USA and continental Europe.
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The business is based at Cwmbran’s Springboard Business Innovation Centre~Wales which encourages and supports high growth science and technology businesses.
Posted on: Friday 21st June 2019