Intrinsic Semiconductor Technologies, a London, UK-based reminiscence know-how firm, raised £7M in funding.
The spherical was led by Octopus Ventures, supported by IP Group and the UCL Know-how Fund. Intrisinc additionally raised £1m in grants from InnovateUK.
The corporate intends to make use of the funds for the enlargement of its engineering staff to deliver its product to market and allow a brand new technology of sensible units and self-contained programs with embedded intelligence.
Based in 2017 by Professor Tony Kenyon, Dr Adnan Mehonic and Dr Wing Ng, and led by Mark Dickinson, CEO, Intrinsic Semiconductor Applied sciences is a UCL spinout firm that makes use of patented IP to unravel the reminiscence bottleneck for knowledge hungry functions by enabling the mixing of low energy reminiscence on the identical chip because the processors which can open up a brand new technology of small units with large brains that embed intelligence in every single place.
FinSMEs
14/03/2023
