UK-based Intrinsic Semiconductor Technologies, a next generation memory technology company, has secured £7 million in a funding round led by Octopus Ventures.
Intrinsic closes £1.35m seed funding round Intrinsic Semiconductor Technologies has announced the close of a £1.35m seed funding round led by investors UCL Technology Fund and IP Group.
The funding is intended to help Intrinsic disrupt the $60bn non-volatile memory market by partnering with semiconductor research foundry, imec in Belgium, to develop prototypes of its proprietary nonvolatile memory devices using industry standard âcomplementary metal oxide semiconductorâ (CMOS) processing on 300mm silicon wafers.
Non-volatile memory is used in a large and ever-increasing range of electronic products. It is the permanent memory used in smartphones, laptops, USB sticks, cameras, SSD hard drives etc. and is based on the technology known as âFlashâ memory.
Intrinsic closes £1.35m seed funding round to prototype next generation memory devices
March
22,
2021 – London - Memory innovator Intrinsic Semiconductor Technologies Ltd (“Intrinsic”) has announced the close of a £1.35m seed funding round led by investors UCL Technology Fund and IP Group plc.
The funding will enable Intrinsic to disrupt the $60bn non-volatile memory market by partnering with leading semiconductor research foundry, imec in Belgium, to develop prototypes of its proprietary nonvolatile memory devices using industry standard ‘complementary metal oxide semiconductor’ (CMOS) processing on 300mm silicon wafers.
Memory performance is a limiting factor in nearly all current and emerging computing applications and Intrinsic’s technology will address this through superior performance while adhering to well established and low-cost manufacturing techniques. Non-volatile memory is used in a large and ever-increasing range of electronic products. It is the pe