Cambridge-based UltraSoC raises £5m Series D round
UltraSoC has closed a £5m ($6.4m) Series D round led by Atlante Tech, a new fund dedicated to investing in high-tech startups with high growth potential.
Additional investors in the round include Enso Ventures, Oxford Capital, CEO and serial entrepreneur Guillaume d’Eyssautier. These join existing investors Octopus Ventures and South East Seed Fund (FSE Group).
UltraSoC’s semiconductor intellectual property (SIP) enables designers to easily and cost-effectively create complex systems on chip (SoCs) with built-in intelligence that continuously monitors and responds to real-world behavior. This allows SoCs to optimise power consumption and performance and deal with security threats or safety breaches.
“Hard tech is back in favor with the UK and global investment community, with recent funding for Ultrahaptics, Graphcore and SiFive (a fellow RISC-V proponent), plus successful exits at Movidius and Mobileye,” said Rupert Baines, UltraSoC CEO.
“Our investors are excited by the potential of UltraSoC’s technology and are committed to supporting our aim of putting intelligent analytics into every chip,” he added.
The company, which was founded in Cambridge in 2006, raised an undisclosed Series C in 2015, a $2.3m Series B in 2013, a £2m Series A in 2010 and a £400,000 Seed in 2009.