Paragraf secures £41m funding after being pushed to the brink

Paragraf secures £41m funding after being pushed to the brink

A mass producer of graphene-based electronic devices has landed £41m Series C funding round after a lengthy approval process which saw it come within two weeks of running out of cash.  Paragraf said the investment led by Mubadala – the sovereign wealth fund of the United Arab Emirates – will help the Cambridgeshire-headquartered company scale up its production capabilities as it looks to push graphene-based electronics into wider commercial adop…

UAE takes stake in UK chipmaker Paragraf with £40m investment

Paragraf, a graphene-based semiconductor manufacturer, will scale its production output capabilities with a new $55m (£41m) Series C investment from the sovereign wealth fund of the Unites Arab Emirates (UAE). The Cambridgeshire-based chip maker aims to accelerate the adoption of graphene electronics in mass markets. The unique properties of the material allow chips made from it, rather than silicon-based alternatives, to perform faster and more…