VCs exit UltraSoc to Siemens

Seraphim Capital, Indaco Venture Partners, Octopus Ventures, Oxford Capital, Techgate and eCapital all invested in the company's latest funding round in 2019.

Siemens plans to incorporate the company as part of its Xcelerator programme, where its technology will be incorporated into the product suite of Tessent, building on the synergies between the companies.

Previous funding
Octopus Ventures first backed UltraSoc in a series-A round in October 2010. In June 2013, Octopus backed the company's $2.3m series-B. The FSE Group supported a series-C round in October 2015.

In October 2017, Indaco Venture Partners led a £5m series-C round for UltraSoc, joined by Octopus, Enso Ventures, Oxford Capital and the FSE Group.

UltraSoc raised a £5m round in June 2019 led by new investor Seraphim Capital. The round also saw participation from eCapital, investing via its cybersecurity fund and eCapital IV. Techgate and existing investors also participated.

Company
UltraSoc produces technology to embed cyber security, analytics and monitoring in systems-on-chip (SoCs) used in electronic equipment. The technology can be used in the automotive industry, as well as for analytics and server optimisation. The technology can be used to detect cyber attacks. The Cambridge-based company was founded in 2005 and has 60 employees.

People
eCapital – Willi Mannheims (managing partner).
UltraSoc – Alberto Sangiovanni-Vincentelli (chairman of the supervisory board), Rupert Baines (CEO).
Seraphim Capital – James Bruegger (investment director).

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