Phyworks
Analog, linear, and mixed-signal devices from Maxim - Maxim.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (56 %) | 20 % | (40 %) | (35 %) | (2 %) | (34 %) | (72 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 161 % | 12 % | 119 % | 107 % | (309 %) | 660 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 152 % | 34 % | 131 % | 88 % | (247 %) | 695 % | 85 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 214 % | 102 % | 127 % | 65 % | - | - | - |
Source: Company filings or news article
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Phyworks Ltd. was a fabless semiconductor company established in 2001 and headquartered in Bristol, United Kingdom. The company was founded by Stephen King, who also held the role of CEO. Phyworks carved out a niche in the application-specific semiconductor industry, focusing on the development of high-speed integrated circuits for the broadband communications market. Its business model centered on designing and supplying these components to manufacturers of optical modules and networking systems globally, operating within the datacom and telecom sectors, with a notable presence in the Fiber-to-the-Home (FTTH) market in the U.S. and Asia.
The company's product portfolio consisted of analog and mixed-signal ICs engineered to enhance the performance of optical fiber and copper cable communications. Specifically, Phyworks provided optical transceiver chips, transimpedance amplifiers, and physical layer (PHY) devices that supported a spectrum of data rates from 1Gbps up to 10Gbps. A key offering was its Electronic Dispersion Compensation (EDC) integrated circuit, which integrated a high sensitivity post-amplifier and a Clock Recovery Unit, designed to correct signal interference in both multimode and single-mode fiber. This enabled more cost-effective and higher-performance solutions for its clients.
Phyworks secured approximately $24.3 million in funding over two rounds, with investors including Advent Venture Partners, Atlas Venture, and Draper Esprit. The company's trajectory culminated in its acquisition by Maxim Integrated Products in September 2010 for about $72.5 million in cash. This acquisition was a strategic move for Maxim to bolster its optical transceiver product line, leveraging Phyworks' expertise in high-speed signal integrity to address the growing demand for data-rich applications and expand its footprint in the optical infrastructure market.
Keywords: fabless semiconductor, integrated circuits, optical communications, transceiver chips, transimpedance amplifiers, datacom, telecom, FTTH, high-speed interconnects, physical layer devices, Electronic Dispersion Compensation, analog signal processing, mixed-signal ICs, broadband communications, optical networking, Maxim Integrated acquisition, Stephen King founder, Bristol UK tech, Silicon Gorge, optical modules