Cambridge company wins funding to advance its AI-driven technology
Agile Analog, a rapidly scaling Cambridge-based Analog IP business, has won funding from Innovate UK to accelerate new product development.
The project, totalling around £1 million, will be 45 per cent funded by Innovate UK and will extend Agile Analog’s leading edge, AI-driven technology to address much higher complexity Analog IP – resulting in a large expansion of products available to customers.
Analog IP, or analog circuits, are needed on all microchips as they provide the connection between the real and digital worlds. Agile Analog has developed a technology to automate the design and delivery of these circuits.
The two-year project will focus on enhancing the technology to develop new categories of IP that will complement Agile Analog’s existing range of products. These components can in turn be further integrated to provide even more complex analog systems.
Tim Ramsdale, CEO of Agile Analog, said “The products we will develop with the Innovate UK grant will provide more flexibility and reduced time to market for customers in the automotive, IoT, AI and security markets.”
Agile Analog closed a pre-A funding round with Delin Ventures, firstminute Capital and MMC Ventures for $5m in May 2019.