Intrinsic Semiconductor Technologies, a London, UK-based memory technology company, raised £7M in funding.
The round was led by Octopus Ventures, supported by IP Group and the UCL Technology Fund. Intrisinc also raised £1m in grants from InnovateUK.
The company intends to use the funds for the expansion of its engineering team to bring its product to market and enable a new generation of smart devices and self-contained systems with embedded intelligence.
Founded in 2017 by Professor Tony Kenyon, Dr Adnan Mehonic and Dr Wing Ng, and led by Mark Dickinson, CEO, Intrinsic Semiconductor Technologies is a UCL spinout company that uses patented IP to solve the memory bottleneck for data hungry applications by enabling the integration of low power memory on the same chip as the processors which will open up a new generation of small devices with big brains that embed intelligence everywhere.
FinSMEs
14/03/2023