UK Infrastructure Bank
Assembly Line
Pragmatic Semiconductor secures Ā£182m ($231m)
Pragmatic Semiconductor, the world leader in manufacturing flexible integrated circuits, today announced that it has completed a first close of its Series D funding round, securing an investment of Ā£162m ($206m). M&Gās Catalyst and UK Infrastructure Bank co-led the funding round.
The investment will enable Pragmatic to accelerate its expansion plans in the UK to meet the growing demand for its unique technology from customers worldwide. This includes building its 3rd and 4th fabrication lines at its Pragmatic Park facility in Durham.