SCI Semiconductor raises £5M to ramp up production of memory-safe chips
Sheffield-headquartered company SCI Semiconductor, which has developed the world’s first memory-safe computer chip, has raised £5 million to accelerate production. The heavily oversubscribed round wa...
SCI Semiconductor, a Sheffield-based company, has secured £5 million in funding to boost production of its memory-safe computer chips. The investment round, led by PXN Ventures and Mercia Ventures, is heavily oversubscribed and includes participation from Osney Capital, Black Opal Ventures, and private investors. Memory safety plays a crucial role in preventing around 70% of cyberattacks, as traditional software allows unrestricted memory access, leaving systems vulnerable to exploitation.
SCI's ICENI range, built on CHERI technology, is the first of its kind, dividing memory into trusted compartments and tightly controlling access. The company, founded in 2022 by industry experts, has already fabricated its first devices and secured over £2 million in orders. With this new funding, SCI aims to ramp up production and develop a new generation of chips in the UK, addressing concerns about AI tools potentially leading to new cyber attacks, particularly in critical sectors.
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