Paragraf has completed a $55 million Series C funding round, marking a significant milestone for the UK-based company. Originating as a spin-out from the University of Cambridge, Paragraf is pioneering the world’s first mass production of graphene-based electronic devices using industry-standard semiconductor manufacturing processes. The newly raised capital is intended to accelerate production scaling to meet growing demand for graphene electronics in mass markets.
Graphene is sought after for its exceptional properties, which enable electronic devices to operate faster, with greater precision, and use significantly less energy than traditional silicon alternatives. These advantages are especially critical in extreme environments, including cryogenic quantum computing and high-temperature, high-radiation industrial applications.
Paragraf graphene electronics for performance and efficiency
Paragraf’s graphene technology integrates smoothly with existing semiconductor infrastructure, positioning it for broad adoption in sectors such as healthcare, quantum computing, and industrial sensing.
Among Paragraf’s product lineup are Graphene Molecular Sensors, used for detecting liquids and gases across various industries, including healthcare, agritech, food production, chemical manufacturing, and consumer goods. Additional products include Graphene Hall Sensors and Graphene Field-Effect Transistors, with ongoing development of advanced semiconductor devices made possible by Paragraf’s proprietary graphene growth methods.
Paragraf CEO’s perspective on growth and resilience
Commenting on the funding, 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.”
From Cambridge spin-out to international expansion
Founded in 2018, Paragraf has grown from its Cambridge labs to operate multiple facilities, including recently expanding into North America with a site in San Diego. The company’s leadership brings deep expertise in physics, materials science, and semiconductor manufacturing, enabling them to propel graphene from a promising material to commercially viable applications.
Co-founder and CEO Dr Simon Thomas draws on a broad foundation in physics, engineering and materials science, coupled with deep expertise in semiconductors, functional materials, solid-state devices and capital equipment manufacture.
Paragraf is dedicated to advancing a revolution in two-dimensional materials within the semiconductor industry, targeting performance leaps in areas such as quantum computing, automotive safety, healthcare diagnostics, and environmental sensing. With its scalable manufacturing processes and diversified product portfolio, Paragraf aims to unlock the full potential of graphene in transforming the global electronics industry.
