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Accelerating the adoption of our revolutionary flexible integrated circuits (FlexICs)

Pragmatic is a global leader in flexible integrated circuits (FlexICs), with a ground-breaking technology platform that revolutionises semiconductor manufacturing. The addressable market for our integrated circuits is >$10bn, with the potential for our technology to be embedded in trillions of smart items. Our growth is supported by a world-class shareholder base including financial, strategic and sovereign investors.

Our investors include

Our customer base includes global top-tier organisations in multiple market sectors who recognise the immense potential of our unique technology. We inspire designers and innovators to create more extraordinary electronic solutions that improve everyday life for everyone.

Saving time, money, and the planet

Our novel fabrication process offers high throughput FlexIC production (billions per year) with a capital expense 100x lower than traditional semiconductor manufacturing. Production cycle time is less than 48 hours, enabling agile electronics supply chains with “just-in-time” delivery. And in a time when environmental concerns are paramount, our process is also significantly more sustainable with 100x less energy and water, and 1000x lower CO2e.

Pragmatic today

Pragmatic has raised $400m to date and has grown to over 275 employees, headquartered in Cambridge and with our first production fab FlexLogic-001 in County Durham. With a strong IP base including over 200 patents worldwide, our technology has proven scalability with >90% production yield.

Pragmatic’s future

Our new 175,000ft2 manufacturing facility, Pragmatic Park, in Meadowfield, Durham will house our FlexLogic-002 fab, alongside space for up to a further eight lines in the future. This will allow us to continue >100% year-on-year sales growth and grow annual capacity to >5 billion FlexICs.

Over the next decade our vision is to deploy over 100 FlexLogic fabs globally, generating over $1 billion sales with over 1 trillion smart items enabled by Pragmatic’s technology.

Find out more


Lower production cost


Lower capital expense


Lower carbon footprint


Funding raised to date


Employees and growing


Patents owned worldwide

Investor testimonials

I am honoured to be involved with Pragmatic and its talented team of innovators at such an exciting time as they are poised to disrupt the electronics industry as well as the supply side of many consumer goods industries. With an increasing focus on a circular economy and transparent supply chains, Pragmatic is bringing a cost effective and highly scalable solution to market.

Erik LangakerChair

The combination of the Series D funding – the largest venture round for semiconductors in Europe ever – with Pragmatic’s potential to disrupt the market on a global scale, represents a significant milestone for the UK semiconductor industry. CIC is delighted to
have invested in Pragmatic at its Series A and to have participated in every financing round since. This is a good example of how CIC invests early and partners with the most innovative companies in Cambridge as they scale up. CIC is a signatory of the recent Venture Capital Investment Compact and this investment round demonstrates how UK venture capital firms can partner with UK pension funds to provide them with the most attractive investment opportunities to benefit their pensions savers.

Andrew WilliamsonManaging Partner
Cambridge Investment Capital

UK Infrastructure Bank has an important role to play in unlocking finance to scale up domestic supply chains, like semiconductors, which are critical to the UK’s transition to net zero. Our investment in Pragmatic backs a British business to accelerate development of a first-of-a-kind technology which not only cuts the carbon emissions of semiconductor production, but which will drive growth in the local economy in the North East.

John FlintChief Executive Officer
UK Infrastructure Bank

The UK is blessed with a rich seam of enterprising and disruptive tech firms, but significant amounts of patient capital are needed to help companies like Pragmatic to expand and hone their operations – this is where M&G can help. We developed Catalyst to play a leading role in enabling businesses to scale their operations, provide expertise and partner with them all the way to success. Long-term capital put to work in this way
not only supports economic growth but can capture value for people’s pensions and savings as we transition to a more sustainable economy.

Niranjan SirdeshpandeGlobal Head of Investments
M&G Catalyst Strategy

Arm is committed to identifying innovative and disruptive new technology platforms. We are supporting Pragmatic as they have the potential to dramatically extend the range of form factors and economics of embedded intelligence. We see particularly compelling possibilities to embed connectivity and computational power in everyday objects at extremely low cost.

Laurence BryantVP Client Solutions

We’re excited about this collaboration with Pragmatic, which presents a promising opportunity to build on our high volume RFID inlay manufacturing capabilities. With Pragmatic’s technology, there is the potential to extend the use of unique item-level digital identities to improve consumer experiences in a number of new segments, such as FMCGs.

Francisco MeloVice President and General Manager, Global RFID
Avery Dennison

With intellectual property acquired from the University of Manchester and a state-of-the-art production line in Durham, Pragmatic represents some of the brightest technology from across the North of England. Its strong impact agenda and desire to create high-value jobs in the region aligns with Northern Gritstone’s ‘profit with purpose’ mission and desire to create a thriving innovation community. We are excited to be investing at this later stage and are optimistic about the growth that Pragmatic can deliver in the next few years as the use of its chips expands.

Duncan JohnsonChief Executive Officer
Northern Gritstone

Pragmatic has become a world leader in semiconductor manufacturing through truly
innovative product development that converges cutting-edge technology with practical solutions for their customers. We are delighted to make a follow-on investment in Pragmatic to enable their continued expansion.

Catherine Lewis La TorreChief Executive Officer
British Patient Capital

Pragmatic has a truly disruptive vision for their innovative flexible chips. Their strategy for geographically distributed semiconductor fabrication offers customers the ability to take control of critical supply chains while also quickly responding to market trends and creating new, innovative solutions that solve some of the biggest global problems we are facing today.

Birger SteenNon-Executive Director

As the global diversified packaging leader, Amcor is well-positioned to tap into early-stage, cutting-edge innovation around sustainability and digitization. We are delighted to partner with Pragmatic Semiconductor to explore ways to leverage and integrate these flexible, integrated circuits into our portfolio of more sustainable packaging solutions.

Frank LehmannVice President Open Innovation and Corporate Venturing
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