# Thalia DA attracts fresh investment as semiconductor industry recognises the analog IP reuse challenge
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-10-18
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Thalia Design Automation secures £640k funding round with
Meta Description: Thalia Design Automation announces successful completion of £640k funding round with backing from existing investors, Mercia Fund Managers and Finance Wales.
URL: https://financedigest.com/thalia-da-attracts-fresh-investment-as-semiconductor-industry-recognises-the-analog-ip-reuse-challengehtml

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_**Existing investors re-commit as customer traction grows**_

[Thalia Design Automation](http://link.email.dynect.net/link.php?DynEngagement=true&H=s8mq%2BFF8Y8J%2F7%2FXrLp5ygdcwMPrxjsUdQBMch4EEnHhpCCjF3%2FNlfOJp7xGrgBFn4YJ%2FB7MHczALTNqavKWYYAOdmwP95vcMae4CAdCRanZsK5VIug5cEA%3D%3D&G=0&R=http%3A%2F%2Fwww.thalia-da.com%2F&I=20171016122223.0000007e63b3%40mail6-34-usnbn1&X=MHwxMDQ2NzU4OjU5ZTRhMjI1NTQzMDU5NjZmYmZjMDQ5MDs%3D&S=davWXYwi4QVT9BD0XrsPtP4AZODjQUjwQ3TpXzJGozI) today announced the completion of a $865k (£640k) funding round that will allow it to drive market uptake of its innovative methodology solutions for analog IP (intellectual property) re-use, design migration and derivative creation. With renewed commitments from the company’s existing investors, [Mercia Fund Managers](http://link.email.dynect.net/link.php?DynEngagement=true&H=s8mq%2BFF8Y8J%2F7%2FXrLp5ygdcwMPrxjsUdQBMch4EEnHhpCCjF3%2FNlfOJp7xGrgBFn4YJ%2FB7MHczALTNqavKWYYAOdmwP95vcMae4CAdCRanZsK5VIug5cEA%3D%3D&G=0&R=https%3A%2F%2Fwww.merciatech.co.uk&I=20171016122223.0000007e63b3%40mail6-34-usnbn1&X=MHwxMDQ2NzU4OjU5ZTRhMjI1NTQzMDU5NjZmYmZjMDQ5MDs%3D&S=n49Jcw2SYY5fWgsL6uiH-rTrERyKryp7eXZarv8XLnM) and [Finance Wales](http://link.email.dynect.net/link.php?DynEngagement=true&H=s8mq%2BFF8Y8J%2F7%2FXrLp5ygdcwMPrxjsUdQBMch4EEnHhpCCjF3%2FNlfOJp7xGrgBFn4YJ%2FB7MHczALTNqavKWYYAOdmwP95vcMae4CAdCRanZsK5VIug5cEA%3D%3D&G=0&R=http%3A%2F%2Fwww.financewales.co.uk%2F&I=20171016122223.0000007e63b3%40mail6-34-usnbn1&X=MHwxMDQ2NzU4OjU5ZTRhMjI1NTQzMDU5NjZmYmZjMDQ5MDs%3D&S=d5mH5qRWjClN6VhA9VWBywWApEaGE7Ivto9XG_UmXsE), this latest funding round is a recognition of significant customer traction achieved by Thalia within the last 18 months, and the strong future potential of its offerings in the analog design and IP space.

![Tim Hazell Investment Director Mercia Fund Managers](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd181017-1-1-1736843369982-compressed.jpg)

Tim Hazell Investment Director Mercia Fund Managers

“This new investment is a strong endorsement of our market strategy,” said Rodger Sykes, Thalia Executive Chairman and Director. “Analog IP re-use is one of the biggest challenges facing the electronics industry today, and customers tell us that our approach, blending advanced design automation tools and methodology with experienced, expert design resources, really provides them with a [competitive edge](https://www.financedigest.com/leveraging-ai-for-the-competitive-edge-in-insurance.html "Leveraging AI for the Competitive Edge in Insurance  ") for reduced cost and time to market.”

Thalia will use this latest round of investment to [continue building](https://www.financedigest.com/building-and-construction-to-continue-accounting-for-nearly-half-of-tower-cranes-sales-globally-fmi.html "Building and Construction to Continue Accounting for Nearly Half of Tower Cranes Sales Globally: FMI") its customer engagement base and increase its expert team of analog IC developers. The company provides RF, analog and mixed-signal technology transfer, derivative and IP creation solutions, based on a unique [combination of design automation](https://www.financedigest.com/increasing-industrialization-and-industrial-automation-to-fuel-growth-of-combination-filler-machine-market-fact-mr-report.html "Increasing Industrialization and Industrial Automation to Fuel Growth of Combination Filler Machine Market: Fact.MR Report") technology, methodology and design know-how. Its customers include integrated circuit (IC) [manufacturers and IP houses looking to quickly and cost-effectively diversify their product](https://www.financedigest.com/why-are-commercial-food-products-manufacturers-adopting-insect-growth-regulators.html "Why are Commercial Food Products Manufacturers Adopting Insect Growth Regulators") range, and leverage the most appropriate semiconductor manufacturing technologies.

“Our [customers report](https://www.financedigest.com/listen-care-share-ofwats-latest-report-on-the-water-industrys-handling-of-customers-during-the-pandemic.html "Listen, Care, Share: Ofwat’s latest report on the water industry’s handling of customers during the pandemic") schedule, cost and resource savings of up to 50% – not to mention the ability to re-focus internal teams on new development programs, where they can add most value,” added Sowmyan Rajagopalan, Thalia Founder, CEO and CTO. “Our message to IP providers is that analog [design doesn’t have to be a black art – there are technologies and design resources out there that can help with re-use and product](https://www.financedigest.com/product-design-verification-and-validation-solution-market-2021-present-scenario-and-growth-prospects-2025.html "Product Design Verification And Validation Solution Market 2021 | Present Scenario and Growth Prospects 2025") diversification, every bit as powerful as those available in the digital design space.”

Tim Hazell, Investment Director at Mercia Fund Managers, said: “Thalia has the [opportunity to establish a leading position](https://www.financedigest.com/infant-positioning-aids-market-application-trends-growth-opportunities-and-worldwide-forecast-to-2027.html "Infant Positioning Aids Market Application, Trends, Growth, Opportunities and Worldwide Forecast to 2027") in automating the design of analog and mixed signal integrated circuits. It’s an exciting growth area, and we are delighted to continue our support of Thalia and its further development.”

Dr Carl Griffiths, Fund Manager with Finance Wales, commented: “Innovative [technology](https://www.financedigest.com/research-and-technological-innovations-to-bolster-developments-in-animal-model-market.html "Research and Technological Innovations to Bolster Developments in Animal Model Market") ventures like Thalia are among our prime targets for investment. Thalia’s increasing traction in the high [value global](https://www.financedigest.com/cellulose-derivative-excipient-market-is-estimated-to-reach-a-global-value-of-around-us-500-mn-by-the-end-of-2029.html "Cellulose Derivative Excipient Market Is Estimated To Reach A Global Value Of Around US$ 500 Mn By The End Of 2029  ") technology space and robust business model have put them in a strong position – we’re delighted to be able to renew our commitment to the company.”


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