sureCore Ltd’s low-power SRAM USD1.6 million closer to commercialization
Funding was secured in part by successful 28nm test chips run in March of this year that delivered more than 50% power savings versus industry-standard embedded SRAM.
This round will fund the company’s planned engineering expansion, product implementation and commercialisation of the company’s low power, variability tolerant SRAM technology that is currently undergoing evaluation at a number of leading semiconductor companies. Initial funding came from Finance Yorkshire’s Seedcorn Fund, and an innovation award from Innovate UK.
"We have worked very hard to maximise value for all of our stakeholders and have achieved major technology advances in an extremely capital-efficient manner. This funding comes at an ideal time and accelerates our drive to silicon results through our early development partners," explained Paul Wells, sureCore’s CEO.
By partnering with a number of leading semiconductor companies, sureCore has gained access to advanced silicon processes. SureCore’s partners benefit by gaining early access to world-leading, low power technology essential to success in many mainstream mobile and emerging Internet of Things (IoT) applications.
Ashwin Kumaraswamy of Finance Yorkshire’s Seedcorn Fund commented, "We were the founding investors in sureCore. Capital-E, a semiconductor specialist investor’s involvement, further strengthens our investment philosophy of backing quality management teams to address large but specific market requirements. The investment will enable sureCore to gain customer traction by licensing its technology in the coming months."
Visit sureCore at www.sure-core.com