Ultrasoc, a semiconductor manufacturer spun out of University of Kent, has raised a £5m ($6.4m) series D round featuring the early-stage investment vehicle South East Seed Fund. Atlante Tech led the round, which also received new participation from Enso Ventures, Oxford Capital and entrepreneur Guillaume d’Eyssautier as well Octopus Ventures, the investment arm of asset manager Octopus Investments. Founded in 2005, Ultrasoc was initially a spinout of University of Kent but also licensed intellectual property from University of Essex in 2009. The company has developed technology that enables chip designers to easily and cost-effectively create complex systems on chip that continuously monitor and respond to real-world factors, making it possible for example to optimise power consumption and react to security breaches. The company plans to use the funds to push out its technology, integrating intelligent analytics into every chip it produces. Miles Kirby of Oxford Capital, Kirill Mudryy of Enso and Alvise Bonivento of Atlante will join the UltraSoC board of directors. The latest round brings total funding to almost $12.5m. Chris Gilbert, chairman of Ultrasoc, said: “We are delighted to receive the backing of prominent industry figures and distinguished investors like Atlante, Enso and Oxford, as we take Ultrasoc to the next level of success. “It is great to welcome these new investors on board, and we are delighted to retain the support of our existing backers Octopus Ventures and the FSE Group’s South East Seed Fund.”
Investors chip in for Ultrasoc’s series D
Jun 1, 2017 •
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