UltraSoC secures £5m funding to address cybersecurity
UltraSoC plans to address worldwide cybersecurity operations after securing £5 million in funding.
The developer and analytics firm, based in Cambridge, creates systems-on-chip that power electronic products.
The funding round was led by cybersecurity-focused venture capital firm eCAPITAL, and specialist investor in the space ecosystem Seraphim Capital, joining existing UltraSoC investors Indaco Venture Partners, Octopus Ventures, Oxford Capital, Techgate, and business angel Guillaume d’Eyssautier.
As part of its planned expansion, UltraSoC will be recruiting hardware and software engineers at its headquarters and design center in Bristol UK.
It also plans to open an engineering center in Warsaw, Poland to develop its data science and machine-learning technologies; it will expand its network of customer support engineers globally, and increase its commercial presence in key markets, including Europe, the USA, Japan and China.
“Developers are struggling to cope with the need for trusted solutions for cybersecurity and functional safety,” said UltraSoC chairman Alberto Sangiovanni-Vincentelli.
“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.”
UltraSoC CEO Rupert Baines added: “UltraSoC is already established as the solution of choice for semiconductor companies who need to understand how their system-on-chip (SoC) products are behaving – yielding dramatically reduced development and debug costs and faster time to market.
“But those same customers – and investors – are now recognizing the strategic potential for our technology in implementing functional safety and cybersecurity features.
“This funding round will enable us to grasp that opportunity, which I believe we are uniquely equipped to address.”