Paragraf closes $55M Series C funding round

Paragraf, the UK-based
company leading the way in mass-producing graphene-based electronics using
industry-standard semiconductor processes, has completed a $55 million Series C
funding round. The funding will speed up the scaling of Paragraf’s
manufacturing capabilities and increase production capacity, paving the way for
graphene electronics to enter mass markets.

Paragraf’s technology fits
smoothly into the existing semiconductor ecosystem, offering customers
ready-to-use solutions as well as a platform for developing custom applications
tailored to their needs.

Graphene’s
unique properties enable devices to perform faster, more accurately and with
lower energy consumption than silicon-based alternatives, especially in extreme
environments, from cryogenic systems in quantum computing to high-temperature
and high-radiation applications in an array of industries.

In molecular sensing, Paragraf’s
Graphene Molecular Sensors (GMS) are being developed for liquid and gas
detection, enabling early disease diagnosis as well as applications in
healthcare, agritech, food production, chemical manufacturing, and consumer products.
More broadly, graphene-based technologies are unlocking new possibilities
across many sectors.

Dr Simon
Thomas, Co-Founder and CEO of Paragraf, said: 

This
investment is a strong signal of confidence in Paragraf and our mission in the
face of global economic uncertainty. This new funding will enable us to expand
production of faster, more energy-efficient technologies to the scale required
by major commercial opportunities. In what is a particularly challenging
funding environment, we’ve attracted strong interest and are pleased to have
secured the backing of both new and existing partners who share our vision for
transforming electronics with graphene.

The company runs three facilities, two
in Cambridgeshire, UK, and one in San Diego, US, following its 2023 acquisition
of a US company. Paragraf is now expanding its presence across the US, Europe,
the Middle East, and Asia.