East Anglian law firm Birketts helps hi-tech Cambridge firm UltraSoc secure £5m funding package
- Credit: Birketts
East Anglian law firm Birketts has helped a pioneering technology start-up to secure £5m in funding from new investors.
The funding round will enable Cambridge-based UltraSoc Technologies Ltd, which provides SoC (systems on chip) infrastructure, to continue to develop its technology which aims to embed intelligent analytics capabilities into microchips.
Funding was secured via new investors including Atlante Tech, Enso Ventures, Oxford Capital and Guillaume d’Eyssautier, who joined existing investors Octopus Ventures and South East Seed Fund (FSE Group).
Birketts’ Quentin Golder, partner in its technology team, led on the transaction, assisted by Georgina Perrott.
As part of the funding, Miles Kirby of Oxford, Kirill Mudryy of Enso and Alvise Bonivento of Atlante join the UltraSoC board, alongside existing Luke Hakes of Octopus, board chair Chris Gilbert and non-executive director Chris Wade.
UltraSoC chief executive Rupert Baines said securing the additional capital meant they could take the firm to the next level of success.
Mr Golder said they were “delighted” to have played a part in securing the funding.