UltraSoC Technologies announced recently that it had successfully closed a new investment of $1.62 million (£1 million) from Octopus Investments (“Octopus”). Octopus’ investment will fund initial commercial activity of the company as it begins to successfully roll out its ground-breaking debug technology to major semiconductor companies throughout the world.
Karl Heeks, CEO, commented: “We are delighted to receive the continued support of our major investor as we enter into this exciting next phase of the Company’s development where we look to bring our product to market. The complexity of modern electronic systems based on multicore architectures where large complex application software is running on different IP blocks from different vendors requires a new approach to debug technology. We are developing a ground-breaking debug and optimisation capability which will facilitate this’
Commenting on Octopus’ investment Luke Hakes, Principal in the ventures team at Octopus, said: “The team at UltraSoC has developed an impressive technology that is set to revolutionise the way people approach debug. The benefits it can bring are dramatic and we are confident in UltraSoC’s ability to achieve continued rapid growth as its products come to market. It is becoming clear that companies that select the UltraSoC technology will enjoy significant advantages over their competitors. Since we first invested in 2010, the team has delivered on its promise and we look forward to continuing to support the business going forward.”
About UltraSoC Technologies
UltraSoC Technologies is a VC-backed independent provider of SoC infrastructure to enable rapid development of embedded systems based on advanced SoC devices.
About Octopus Investments About the ventures team at Octopus Investments
The ventures team at Octopus are straight talking human investors that back talented people rather than specific sectors focuses. We focus on identifying fast growth businesses which can scale explosively to create, transform or dominate an industry. We can invest from £250,000 to £5 million and prefer to partner teams based in the UK.
The work of our ventures team is supported by access to the Octopus Venture Partners, a network of approximately 100 outstanding business leaders, entrepreneurs and private investors providing an invaluable wealth of expertise and resource for our portfolio companies, as well as investing on a deal-by-deal basis alongside Octopus venture funds. This blend of knowledge and skill has allowed us to help many great companies across several sectors thrive in recent years including LoveFiLM; Zoopla; Graze.com; SwiftKey; and, Secret Escapes.
About Octopus Investments
Octopus Investments, founded in 2000, is a leading investment specialist. We offer innovative core and satellite investment solutions to UK investors, and a wide range of funding options for exceptional companies.
Our core investments include a discretionary management service and a range of multi-manager multi-asset OEICs. These are complemented by our range of satellite solutions, including venture capital trusts, enterprise investment schemes and inheritance tax products. Each product has been designed to solve specific problems faced by financial advisers and their clients.
Our funding solutions cover the entire capital structure, from equity through mezzanine to senior debt, and we seek out outstanding management teams in unlisted companies with whom we can partner.
Octopus has built its business around three core pillars: customer led innovation, excellence in customer service and the quality of our people. We employ more than 200 people and currently have more than £2.5 billion in assets under management.
Octopus has won a number of awards for its products and customer service. We have twice been voted one of the best 100 SMEs to work for by the Sunday Times, and we are one of only two fund
management companies to be AAA rated by financial advisers for customer service.
For more information, please visit our website www.octopusinvestments.com
