Abu Dhabi’s sovereign wealth fund, Mubadala, has invested $35 million in Paragraf, a leading British private technology company that produces semiconductors made of graphene. The investment is part of a larger $55 million funding round and gives Mubadala a 12.8% stake in the company.
By the Numbers
The significant investment will fuel Paragraf’s global expansion plans:
- $35 Million: The investment amount from Mubadala.
- $55 Million: The total value of the funding round.
- 12.8% Stake: The equity stake in Paragraf acquired by Mubadala.
Pioneering Graphene-Based Semiconductors
Paragraf develops and produces semiconductors made from graphene, a material with unique properties that allow for the creation of electronic devices that are smaller, faster, and more energy-efficient than traditional silicon-based alternatives. This ground-breaking technology has the potential to transform the electronics industry.
Fueling Global Expansion and Production
The new funding will enable Paragraf to expand its production to the scale required by major commercial opportunities. The company also plans to establish new subsidiaries in the Middle East, China, and the United States to support its global expansion. “This investment is a strong signal of confidence in Paragraf,” said Dr. Simon Thomas, the company’s co-founder and chief executive.
A High-Stakes Deal
The deal was finalized after a critical six-month delay caused by a UK government national security review of the foreign investment. According to Dr. Thomas, the delay pushed the company “to the wire,” and it came within weeks of running out of money before the funding was secured.
Unlocking a New Era in Electronics
Paragraf’s graphene technology opens up vast possibilities across a range of high-tech fields. Key applications include quantum computing, electric vehicles, energy storage, and advanced medical and chemical sensors. These sensors could be used for the early detection of diseases and to help develop new cancer treatments.
Source: Jawlah
