We are delighted to have announced last week that we closed a £5m round of funding, with a strong line-up of new and existing investors.
And now this week , Alberto Sangiovanni-Vincentelli , a co-founder of both Synopsys and Cadence, has joined our advisory board to bring us the benefits of his significant wisdom – that’s further strengthening the UltraSoC team.
In addition to the commercial traction we have been enjoying recently, I believe there are two sea-changes at work here:
- A shift in the impact and in the awareness of risks to safety, security and performance of systems, especially the potential impacts on software-driven server architectures and automotive designs
- A changing environment in which hard-tech companies such as ourselves are once again finding favor with investors
Failures during autonomous vehicle tests, or more topically, the global outages of BA’s servers this weekend: whatever lies at the heart of these catastrophic failures, a £100m bill plus the long-term, incalculable damage to BA’s reputation is clear and publicly apparent.
Processing power has enabled the delivery of online services to billions of users, often simultaneously, but also brought about a level of complexity making performance and accurate failure monitoring and control incredibly difficult. We have demonstrated that one answer to this lies in hardware-based monitoring and analytics embedded in the SoC (take a look at our downloads page to read our white paper on spotting “long tail” bugs in high-performance servers).
It has become essential to be able to build systems that are resilient and able to monitor and control, even tackle problems should they occur. And in complex software-driven systems, you need to know the hardware can still take control; and that means hardware needs to have the intelligence embedded at its core.
This attractive proposition, combined with the technology’s massive potential to be embedded into every chip, is not only attracting leading partners and customers, but has brought new interest in the company with a raft of new investors. We are delighted to have secured this additional funding to help us expand our team and to help us develop our product, particularly in support of evolving platforms such as RISC-V.