UltraSoC has closed a £5m equity funding round which featured eCAPITAL, Seraphim Capital and Techgate.
This funding round is part of UltraSoC’s plans to grow its worldwide operations to address emerging opportunities in the cybersecurity, high-reliability and safety-critical systems markets.
UltraSoC will be recruiting hardware and software engineers in Cambridge and Bristol, and also plans to open an engineering centre in Warsaw to develop its data science and machine learning technologies.
The technology start up also plans to increase its commercial presence in key markets and expand its network of customer support engineers globally.
Willi Mannheims, Managing Partner at eCAPITAL, and James Bruegger, Managing Partner and Investment Director, Seraphim Capital join the UltraSoC board as investor director and observer respectively.
Alberto Sangiovanni-Vincentelli, Chairman at UltraSoC Chairman, said: “Developers are struggling to cope with the need for trusted solutions for cybersecurity and functional safety.
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“UltraSoC is uniquely able to provide such features at the fundamental hardware level. eCAPITAL and Seraphim add sector-specific focus and expertise in cybersecurity and in the aerospace ecosystem, where functional safety and reliability are paramount.
“I’m delighted to have secured their support alongside our existing major investors who have recommitted in this latest funding round.”
Willi Mannheims added: “We are excited to join forces with UltraSoC, which is leading the way in embedded analytics.
“UltraSoC has developed a novel approach to cybersecurity that places anomaly detection directly into the silicon, enabling hardware-based threat detection.
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“This can identify attacks very quickly – in microseconds rather than milliseconds. It is also more robust than traditional techniques, because it is ‘below the OS’ and is therefore very hard for an attacker to detect, circumvent or subvert.”
James Bruegger commented: “Seraphim focuses on the space ecosystem: we are always looking for fundamental technologies that can affect how the industry works, and create value.
“Anything that affects safety and security is therefore highly relevant and we immediately saw the opportunity for UltraSoC’s capabilities. This will benefit not just space, but automotive, industrial, medical – indeed, almost any area of technology.”