Arm, CIC and Avery Dennison led a $80m Series C funding round in PragmatIC.

Arm, CIC and Avery Dennison led a $80m Series C funding round in PragmatIC, a ultra-low-cost flexible electronics. “Billions of everyday objects could benefit from being part of the Internet of Things, but to continue to scale sustainably we need to explore new approaches for embedding intelligence into everyday objects. Flexible electronics can extend the range and scope of what is possible today and we see massive potential for it to be creatively adopted by the Arm ecosystem, leading to innovation with global impact,” Dipesh Patel, Arm Chief Technology Officer.