4 years ago
Intrinsic Raises £1.35M Seed Funding to Revolutionize Memory Devices with Memristor Technology
Intrinsic Semiconductor Technologies Ltd, a UCL spun-out company, has secured £1.35 million in seed funding to develop next-generation memory devices
The funding round was led by UCL Technology Fund and IP Group plc
Intrinsic's technology aims to disrupt the $60 billion non-volatile memory market by offering superior performance and adhering to low-cost manufacturing techniques
The company's memristor technology is based on silicon oxide, making it easier to integrate, faster, and more power-efficient than traditional Flash memory.
ProblemTechnology
"Memory performance is a bottleneck in almost all modern computing applications, limiting the speed and efficiency of everything from smartphones to AI."
Solution
"Intrinsic Semiconductor Technologies is developing a new type of computer memory that is faster, more energy-efficient, and easier to integrate than existing technologies, promising significant improvements in device performance and battery life."