SCI Semiconductor Raises £2.5M in Funding

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Here’s a summary based on the provided information:

SCI Semiconductor

  • Startup: SCI Semiconductor
  • Website: www.scisemi.com
  • Founders: Haydn Povey, Krishna Anne
  • Funding Amount: £2.5M
  • Funding Series: Not specified (but implied to be a seed stage)
  • Lead Investor: Mercia Ventures
  • Use of Funds: Building a team of engineers in Sheffield and bringing the product to market
  • Founded: 2022
  • Location: Sheffield, UK
  • Product: Memory safe microprocessor family (ICENI) based on the CHERIoT-Ibex core
  • Cybersecurity Focus: Aims to reduce cybersecurity costs and eliminate constant patching
  • Government Grants: Over £1m secured for technology development
  • Team Size: Over 20
  • Date of Funding Announcement: 27/05/2025

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2025-05-27 16:37:39