Thalia Design Automation secures £1.52 million Series A investment led by Deepbridge.

Will accelerate customer engagement and expansion into USA; further broaden technology development

Thalia Design Automation today 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.

“Deepbridge is committed to fostering innovation and growth in businesses with truly disruptive market potential, and we believe that Thalia definitely falls into that category,” said Ray Eugeni, Partner at Deepbridge Capital. “We look forward to helping this globally-focused company fully realize the potential of its unique core technology assets, in markets across the world.”

Commenting on behalf of Thalia, Rodger Sykes, Chairman and CEO, said: “Analog design is one of the toughest challenges in the electronics industry today. I believe Thalia is creating a sea change in this key market, enabling our customers to move to an ‘IP on demand’ model, and offering cost and time schedule savings of up to 50%.”

Dr Carl Griffiths, Fund Manager at the Development Bank of Wales, commented: “Having been involved with Thalia since the early stages of its development, we’re delighted to see the fantastic progress the company has already made in the high value global technology space. Our follow-on investment in this latest funding round demonstrates our strong belief that Thalia has all of the tools to make the most of a massive market opportunity.”

As part of its continuing expansion, Thalia plans to grow its technology development capabilities in the UK and India, as well as establishing a strong presence both in Continental Europe and the USA. The company’s Re-use Platform-as-a-Service (RePaaS) solution combines an innovative methodology, advanced design automation technology and experienced analog engineering resources. It helps analog IP providers to maximize re-use of their existing product portfolio, to create new product variants quickly and easily, and to adapt their designs for manufacture using any semiconductor foundry service.

About Deepbridge Capital
Formed in 2010, Deepbridge was founded with the aim of building an investment team that could redefine the growth capital market. Its purpose is to provide reassurance to investors by enabling them to invest alongside its team of passionate, experienced and fair-minded specialists. A genuine blend of people who know what it’s like to run a business and who have a balanced approach between being good investors, strong managers and practical operators.

Deepbridge believes in supporting, mentoring and investing alongside energetic, high performance management teams. Its ambition is to help businesses achieve their full potential and thereby provide the best possible outcomes for investors.

Deepbridge promotes a culture of professional excellence and integrity: it therefore strongly encourages its investee companies to achieve the highest standards of corporate governance. Deepbridge brings value to investee companies through its proven experience of building growth businesses, involving its network of investors, technology advisors, and industry partners.

https://www.deepbridgecapital.com/

About Development Bank of Wales
The Development Bank of Wales was set up by the Welsh Government to support the economy of Wales by making it easier for businesses to get the finance needed to start up, strengthen and grow. The purpose of the Development Bank is to unlock potential in the economy of Wales by increasing the provision of sustainable, effective finance in the market.

Launched in October 2017, it is a cornerstone organisation for delivery of public sector financial products, supporting micro to medium businesses in Wales and increasing the supply of finance. It promotes economic development through an adaptable delivery model that is responsive to market needs whilst providing continued value for money for public funds. It delivers key Welsh Government policy objectives measured through performance targets and providing investment management and support services across the whole of Welsh Government.

The Development Bank of Wales invested £80m across 420 investments in the financial year 18/19, which in turn attracted £126m in private sector investment.

Media centre: www.developmentbank.wales/media

Source: https://www.thalia-da.com/thalia-da-attracts-2m-investment-to-grow-analog-ip-re-use-platforms/

Touch Biometrix secures £2 million Series A investment from Deepbridge Capital

Touch Biometrix, the disruptive fingerprint technology company, has received a £2million investment from Deepbridge Capital.

The Series A funding through the Deepbridge Technology Growth Enterprise Investment Scheme (EIS) fund follows initial seed funding of £150,000 last year.

Touch Biometrix is developing a new class of fingerprint sensor for application to consumer electronics such as smartphones and laptops. Based on proprietary sensor designs and algorithms, the Touch Biometrix platform will enable fingerprint sensors of any shape or size that can easily be integrated into a wide range of consumer electronics and smart objects. The user authentication experience will not only be more intuitive but will offer unbreakable security – eliminating the need for passwords.

The technology under development is expected to disrupt the cost of ownership by targeting a sensor price of less than $1 per sensor by the end of 2019, so opening the market for integration of a low-cost, highly secure biometric authentication platform into not only high tier brands but also into low and medium tier consumer electronic brands.

Last year, Touch Biometrix was recognised in a global report as one of the top 20 fingerprint tech businesses alongside the likes of Apple, Synaptics and Goodix.

Mike Cowin, CEO of Touch Biometrix, said:

“This new and substantial investment from Deepbridge will enable Touch Biometrix to build upon its development work with the aim of defining its first minimum viable product ahead of scaled product in early 2020. “

“Deepbridge is a specialist in investing in growth-focussed tech businesses. In addition to funding, they also have a hugely experienced team which has provided us with the best possible support, advice and encouragement. They are the ideal partner for Touch Biometrix.”

Ian Warwick, Managing Partner of Deepbridge Capital, said:

“We are delighted to continue our support with Touch Biometrix at what is an exciting time for the biometric industry. We understand there is an increasing need for secure user authentication technology and we believe Touch Biometrix has the capability to move quickly in this market. This investment will support the commercialisation of their technology platform.”

The market demand for fingerprint sensors is expected to exceed 1.5 billion units per year by 2020i with the global market for biometrics to reach $15 billion by 2025.

The demand for user authentication is experiencing tremendous growth as the drive to increase the adoption of highly secure and cost-effective user identification for the use of mobile payment services continues. It is expected that biometrics will be standard in 90% of mobile devices by 2022, generating 1.37 trillion payment and non-payment mobile device transactions.

For more information, please contact Lucy Mason at MASON on 0151 239 5050 / 07903 197402 or email: lucy@masonmedia.co.uk

About Touch Biometrix Ltd

Touch Biometrix was founded in 2017 with the aim of becoming one of the top 5 fingerprint sensor suppliers by 2023. Touch Biometrix is a developer of a new class of fingerprint sensor for the consumer electronics industry. Based on proprietary technology and sensing algorithms Touch Biometrix is developing a range of fingerprint sensors of any shape or size that offer ease of product integration for a more convenient user experience on a wider range of products. Manufactured on plastic or flexible glass Touch Biometrix sensors will offer a new standard in ease of use and security. Utilising a new manufacturing model Touch Biometrix fingerprint sensors are set to disrupt the market with a target cost of $1 enabling the widescale adoption into high, mid and low tier consumer electronic products.

www.touchbiometrix.com

Deepbridge Capital LLP

With over £120million of funds under management, Deepbridge Capital provides funding to growthfocussed UK technology, life sciences and renewable energy companies utilising Government initiatives such as the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS). The company has offices in Chester, London, Edinburgh, Bristol, Australia and the USA.

www.deepbridgecapital.com