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UltraSoC receives further funding from Octopus Investments

UltraSoC has closed a funding round of USD2.3m by securing further investment from Octopus Investments, bringing the total investment in the business to date to USD7.5m.

 
The investment will help fund the expansion of the company as it takes its debug and optimisation silicon IP technology to market, licensing it to major semiconductor companies.
 
The product, UltraDebug, is a system-level debug and optimisation capability for multiple heterogeneous processor cores including graphics cores and custom accelerators. UltraDebug is a library of advanced, feature-rich debug IP at the leading edge of embedded systems and will enable the company’s licensees the early detection of software and hardware bugs as well as other important optimisation capabilities for memory interfaces and system fabrics.
 
UltraSoC’s technology is anticipated to be rolled out in silicon chips in the latter part of 2013 through the company’s lead customer. This imminent silicon validation of UltraDebug on an advanced process node will represent a significant milestone in the company’s development enabling new licensees a high level of confidence in the adoption of UltraDebug.
 
UltraSoC’s chief executive Karl Heeks says: “We are grateful to Octopus for their continued support for the company and the additional value and commitment they bring by working closely with the team here to help us realise the potential of our technology. We are approaching a very exciting period for the company where our innovative and much-needed debug and optimisation IP is now entering the marketplace. We believe our customers will see significant benefits from adopting a universal debug which ultimately will provide them with a competitive advantage and significant time-to-market advantages. This investment will enable expansion of the team which will be necessary as we service pent-up demand from leading semiconductor companies.”
 
Luke Hakes, a principal on the ventures team at Octopus, says: “We are looking forward to continuing to partner the team at UltraSoC as they enter the next stage of development and start to bring their technology to market later this year. Having worked with the team since 2010 they continue to deliver and this is a significant and exciting milestone for the business.”

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