UK-based Paragraf raises $60 million in its latest financing round

UK-based graphene developer Paragraf has raised $60 million from the UK's Future Fund, the CIA-backed In-Q-Tel and other investors. The funds will be used to accelerate the company's device development, production and market launch.Paragraf produces its own CVD graphene materials, which it then uses to create devices for the sensor, energy and semiconductor markets. The company introduced its first product, a graphene-based hall-effect sensor back in 2020, and it has recently concluded a study to test the deployment of graphene as an OLED electrode material.