David Mitchard, Sondrel’s interim CEO, expressed his excitement about the major funding that will propel Sondrel to new heights in the world of custom chip design and supply. The funding will facilitate the company's growth and expansion, solidifying its position as a leading provider in the industry. With a recent office opening in Santa Clara, Sondrel aims to enhance its services for North American customers, offering a comprehensive turnkey solution for ultra-complex chips.
Miles Woodhouse, Director at ROX Equity Partners Limited, commended Sondrel's impressive track record as a top custom chip design company. The investment decision followed extensive due diligence on Sondrel's business models, management, and cutting-edge technology that differentiates it from competitors. The focus on accelerating customers' time to market for custom chips aligns with the dynamic nature of the electronics industry.
Furthermore, Sondrel's expansion into providing a full supply chain service for finished chips signifies a strategic move towards establishing a reliable source of recurring revenue. The company's ability to adapt and innovate in the market sets a strong foundation for future growth and success. The confidence in Sondrel's potential for global expansion, particularly in North America, reflects its appeal as a British company free from US trade restrictions.
Sondrel boasts a solid 20-year history of delivering successful custom chips, supported by key partnerships with industry giants like Arm, TSMC, and Samsung. With headquarters in the UK and a global presence spanning multiple countries, Sondrel is well-positioned to capitalize on emerging opportunities in the semiconductor industry. The company's commitment to excellence and innovation underscores its continuous evolution in meeting the evolving needs of customers worldwide.
Graham Curren, the Founder of Sondrel, celebrated the recent funding as a significant milestone in the company's journey. The investment not only validates Sondrel's capabilities and potential but also paves the way for future advancements and breakthroughs in custom chip design and supply. As Sondrel embarks on the next phase of its growth trajectory, the industry can expect to witness further innovations and contributions that will shape the future of semiconductor technology.