Previously the company raised funding worth about $1 million in 2014 (see Insect-based EDA gets funded).
Existing investors Mercia Fund Management Ltd. and Finance Wales have re-invested and, according to the company, this is due partly to significant customer engagements achieved in the last 18 months. The company is headquartered in Cwmbran, Wales and engineering resources in Hyderabad, India.
Thalia has developed EDA tools that use behaviour algorithms derived from nature for the rapid optimization of analog and mixed-signal parameters. Amongst those algorithms are representations of the way insects such as ants and bees search for food.
The company was founded in 2011 by Sowmyan Rajagopalan, who serves as CEO and CTO. Rajagopalan had previously worked as CAD engineering manager for Micrel Inc. Rodger Sykes, a UK semiconductor industry veteran, serves the company as chairman.
Next: Money for expansion