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SCI Semiconductor raises £5M to ramp up production of memory-safe chips. The funding was led by PXN Ventures and Mercia Ventures, alongside other investors, to enhance its innovative chip technology for improved cyber security.
Black Opal VenturesOsney CapitalMercia VenturesPxn Ventures
Description
SCI Semiconductor, a Sheffield-based company developed the world's first memory-safe computer chip, has raised £5 million to accelerate production. The funding round was heavily oversubscribed and included significant investments from various venture funds and specialist investors. Memory safety is crucial in combating cyberattacks, and SCI's chips are positioned as a key solution. This funding will help SCI to meet increasing demand in the wake of growing cybersecurity concerns.
Company Information
Company
SCI Semiconductor
Location
Sheffield, England, United Kingdom
About
SCI Semiconductor is focused on developing the world’s first ‘memory safe’ computer chip to address the critical issue of memory safety in cybersecurity. Founded in 2022 by Haydn Povey and Krishna Anne, the company aims to set a new standard in secure computing across various sectors including critical infrastructure and defense. Its innovative chip technology enforces security by compartmentalizing memory access, significantly reducing the opportunity for cyber attacks. The company is also dedicated to restoring the UK's place as a leader in semiconductor technology.
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