Intrinsic Semiconductor Technologies Funding Round

3/13/2023

Venture Equity

$8,514,000

Undisclosed

The startup intends to use the new capital to expand its engineering team and bring its offer to market, in what it hopes will usher in a new generation of smart devices.

Private & Independent

Semiconductors

The Network Building, 97 Tottenham Court Road, London, W1T 4
London, W1T 4TP
UK

Undisclosed

Intrinsic Semiconductor Technologies is a next generation memory technology company. Based on more than a decade's research at University College London (UCL), Intrinsic has developed an innovative approach to non-volatile memory using resistive random-access memory (RRAM). The technology can read data 10x to 100x faster and write it 1000x faster than existing solutions and uses standard, frequently used materials, which are less complex or expensive than other RRAM solutions. It is also fully CMOS compliant to make it easier and cost effective for foundries to integrate the technology within existing chip manufacturing facilities. Together, these technological advantages will allow data hungry applications to overcome the memory bottleneck caused by current external flash memory, delivering dramatically higher performance at a much lower energy consumption.