What does SCI Semiconductor do?
SCI Semiconductor develops ICENI, a memory safe microprocessor family based on the CHERIoT-Ibex core, designed to reduce cybersecurity costs and eliminate the constant need for patching by integrating with open source software and development tools.
How much did they raise?
The company raised £2.5M in funding, with Mercia Ventures as the lead investor in a series unknown round, without additional participant investors.
What are their plans for the money?
The funds will be used to build an engineering team in Sheffield and bring its cutting-edge memory safe microprocessors to market, potentially reshaping cybersecurity practices and reducing patching requirements.
What have they achieved so far?
SCI Semiconductor has already secured over £1M in government grants to support its technology development and currently employs a team of more than 20 professionals.
