UltraSoC secures £5m investment to target safety and security applications with its embedded analytics

Funding Rounds

Summary

The latest funding round, which was substantially oversubscribed, follows a successful period of growth for UltraSoC with a strong list of new customers and a number of important technology developments. Speaking on behalf of the company, Willi Mannheims commented: “We are excited to join forces with UltraSoC, which is leading the way in embedded analytics. 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.” Seraphim’s James Bruegger added: “Seraphim focuses on the space ecosystem: we are always looking for fundamental technologies that can affect how the industry works, and create value. This will benefit not just space, but automotive, industrial, medical – indeed, almost any area of technology.” Within the last year, UltraSoC has made significant progress in terms of customer acquisition, technology development and further strengthening its already impressive team. Early in 2019, it disclosed that data storage world leader Seagate has licensed its technology: and that in the same market sector, it is supporting Western Digital’s SweRV processor architecture.

$ Funding

$
Amount $6.4M Total raised
Date June 24, 2019 Announcement date
Investors Oxford Capital Partners, Octopus Ventures, Seraphim Capital Lead investors
Company ultrasoc.com Funded company

Classifications

industries
Fintech & Banking
applications
Data Management

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