Ex-Arm aces help Agile Analog raise $5m to tap $2bn market
Cambridge startup Agile Analog, spearheaded by senior ex-Arm innovators, has clinched $5 million funding to expand its engineering team to serve a growing global customer base and transform the $2 billion analog IP market.
The Pre-A round has attracted high profile backers in Delin Ventures, firstminute Capital and MMC Ventures.
Agile Analog’s AI-driven platform replaces an existing manual design process that has not fundamentally changed in 60 years. Former Arm engineering executive Tim Ramsdale is chief executive and Pete Hutton – Arm’s former president of product – is chair of the UK business.
With the explosion of the Internet of Things, AI, autonomous vehicles, the next generation of telecoms and newer smaller process nodes, the demand for new chip designs has never been greater.
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 says its 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 customers to accelerate the pace of chip innovation and provide smaller, cheaper, more reliable and lower power solutions, the company claims.
By removing the restrictive manual process, Agile Analog says it provides access to flexible and easy to use analog IP, enabling a broad range of customers to incorporate more analog onto their chips and significantly reduce the size and cost of end products.
Tim Ramsdale 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.”
Brent Hoberman, co-founder at firstminute Capital, added: “The Agile Analog founding team is an exceptional balance between deep tech and commercial experience. Predominantly made up of ex-ARM domain experts and division heads, they are industry veterans with a strong network as well as technical expertise.”
Based at Milton Hall in Cambridge, the company is growing quickly to become one of the world’s leading analog IP companies.