What is IntrinSic?
IntrinSic is a London-based company established in 2017, focused on developing commercial prototypes of memory devices. The company's core objective is to create licensable intellectual property (IP) for chip manufacturers. IntrinSic operates within the advanced semiconductor technology market, aiming to bridge the gap between research and commercial application by providing tangible prototypes that can be licensed to established industry players.
How much funding has IntrinSic raised?
IntrinSic has raised a total of $11.6M across 3 funding rounds:
Angel/Seed
$1.9M
Other Financing Round
$8.5M
Grant
$1.2M
Angel/Seed (2021): $1.9M with participation from IP Group and The UCL Technology Fund
Other Financing Round (2023): $8.5M led by Octopus Ventures, UCL Technology Fund, and IP Group
Grant (2023): $1.2M supported by Innovate UK
Key Investors in IntrinSic
Octopus Ventures
Octopus Ventures is a venture capital firm that backs companies across software, climate, health, consumer, and financial technology, offering long-term capital and guidance.
UCL Technology Fund
The UCL Technology Fund invests in the commercialization of research opportunities from University College London, supporting innovators with capital and expertise to scale their ventures globally.
IP Group
IP Group specializes in intellectual property commercialization, transforming innovative ideas from university partnerships into viable businesses through investment and operational support.
What's next for IntrinSic?
The recent major enterprise-level funding and strategic investment indicate IntrinSic is likely in a scaling or commercialization phase, moving beyond early-stage development. This capital will likely be directed towards accelerating the development of its licensable IP, expanding its engineering team, and forging partnerships with chip manufacturers. The company's focus on creating tangible, licensable IP suggests a business model geared towards high-value transactions within the semiconductor industry, aiming for significant market penetration through its technology.
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