About PragmatIC
PragmatIC is a company based in Cambridge (United States) founded in 2010 by Richard Price.. PragmatIC has raised $392.76 million across 16 funding rounds from investors including Amcor, Arm and M&G. PragmatIC has completed 1 acquisition, including Nano ePrint. PragmatIC offers products and services including FlexIC Platform and NFC Connect PR1301. PragmatIC operates in a competitive market with competitors including CelLink, Delft Circuits, American Semiconductor, MicroConnex and Ziatech, among others.
- Headquarter Cambridge, United States
- Founders Richard Price
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Pragmatic Semiconductor Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$392.76 M (USD)
in 16 rounds
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Latest Funding Round
$231 M (USD), Series D
Dec 05, 2023
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Investors
Amcor
& 16 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of PragmatIC
PragmatIC offers a comprehensive portfolio of products and services, including FlexIC Platform and NFC Connect PR1301. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for developing ultra-thin flexible chips with low carbon footprint.
Chip enabling NFC connectivity for smart packaging and security applications.
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Funding Insights of PragmatIC
PragmatIC has successfully raised a total of $392.76M across 16 strategic funding rounds. The most recent funding activity was a Series D round of $231 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 16
- Last Round Series D — $231.0M
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First Round
First Round
(24 Dec 2010)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series D - PragmatIC | Valuation | M&G , UK Infrastructure Bank | |
| Dec, 2022 | Amount | Series C - PragmatIC | Valuation |
investors |
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| Sep, 2022 | Amount | Grant - PragmatIC | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PragmatIC
PragmatIC has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include Amcor, Arm and M&G. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Founded Year | Domain | Location | |
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Investment funding for transformational UK projects is provided.
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Founded Year | Domain | Location | |
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Investment firm focused on investing in science and technology firms
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PragmatIC
PragmatIC has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nano ePrint. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Printed nano-transistors in zinc oxide are produced via planar technology.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PragmatIC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pragmatic Comparisons
Competitors of PragmatIC
PragmatIC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CelLink, Delft Circuits, American Semiconductor, MicroConnex and Ziatech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flexible high-conductance circuits are designed and manufactured by CelLink.
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| domain | founded_year | HQ Location |
Superconducting circuits and cryogenic solutions for quantum computing are developed.
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| domain | founded_year | HQ Location |
Flexible ICs and hybrid electronics are developed using polymer processes.
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| domain | founded_year | HQ Location |
Flexible ICs are designed, prototyped, and manufactured using laser micromachining.
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| domain | founded_year | HQ Location |
Architecture-based circuit boards and components are provided for communications equipment.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pragmatic
Frequently Asked Questions about PragmatIC
When was PragmatIC founded?
PragmatIC was founded in 2010.
Where is PragmatIC located?
PragmatIC is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of PragmatIC?
David Moore is the current CEO of PragmatIC.
Is PragmatIC a funded company?
PragmatIC is a funded company, having raised a total of $392.76M across 16 funding rounds to date.
What does PragmatIC do?
PragmatIC was founded in 2010 and is headquartered in Cambridge, United States. Flexible integrated circuits are produced, with a focus on thin silicon ICs designed for RFID and NFC uses. A platform is provided to support the development of custom flexible devices by designers. Operations target sectors including consumer goods, retail, healthcare, pharmaceuticals, gaming, and security.
Who are the top competitors of PragmatIC?
PragmatIC's top competitors include Delft Circuits, CelLink and American Semiconductor.
What products or services does PragmatIC offer?
PragmatIC offers FlexIC Platform and NFC Connect PR1301.
How many acquisitions has PragmatIC made?
PragmatIC has made 1 acquisition, including Nano ePrint.
Who are PragmatIC's investors?
PragmatIC has 17 investors. Key investors include Amcor, Arm, M&G, Maven Capital Partners, and Avery Dennison.