Siemens acquires UltraSoC to drive design for silicon lifecycle managementPORTFOLIO NEWS
Siemens announced today that it has signed an agreement to acquire Cambridge/UK-based UltraSoC, a provider of instrumentation and analytics solutions that puts intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of systems-on-chip (SoC). Siemens will integrate UltraSoC’s technology into the Siemens Xcelerator portfolio as part of Mentor’s Tessent™ product suite.
“Siemens’ acquisition of UltraSoC means that for the first time our customers can access not just design-for-test, but a comprehensive ‘Design for Lifecycle Management’ solution for SoCs, including functional safety, security and optimization,” says Brady Benware, Tessent Vice President and General Manager, Siemens Digital Industries Software. “By utilizing design augmentation to detect, mitigate and eliminate risks throughout the SoC lifecycle, customers can radically improve time-to-revenue, product quality & safety, and profitability. UltraSoC has a fast-growing business and impressive customer list, and complements Tessent to create a truly unique offering in the market.”
I am incredibly proud of what the UltraSoC team has achieved. The fact that Siemens has recognized our value is a testament to their hard work and talent. Becoming part of one of the world’s leading technology brands will allow us to execute the vision we have for UltraSoC, and deliver even greater value to our customers. I would like to thank not only our team, but also our investors for their support and insight over the years.
Rupert Baines, CEO at UltraSoC
Alberto Sangiovanni-Vincentelli, UltraSoC’s Chairman, added: “Rupert and the whole UltraSoC team have done an amazing job of turning an idea into a successful business, with significant revenue, and the endorsement of many of the industry’s leading names. More than this, they have created a new category in the industry. The combination with Tessent is transformative, not only does it solve key customer pain points, it turns those problems into opportunities to innovate and improve.”
Willi Mannheims, Managing Partner at eCAPITAL summarizes: “A year ago we invested in UltraSoC based on the company’s fundamentally new approach to on-chip analytics and its highly sought-after solutions for cybersecurity. The acquisition by one of the industry’s largest players proves that UltraSoC builds technology the world needs and will now continue to drive change within the $400bn semiconductor market.”
UltraSoC is a pioneering developer of analytics and monitoring technology at the heart of the systems-on-chip (SoCs) that power today’s electronic products. The company’s embedded analytics technology allows product designers to add advanced cybersecurity, functional safety and performance tuning features; and it helps resolve critical issues such as increasing system complexity and ever-decreasing time-to-market. UltraSoC’s technology is delivered as semiconductor IP and software to customers in the consumer electronics, computing and communications industries. For more information visit www.ultrasoc.com.
eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, currently manages funds with over EUR 220 million under management and was lead investor of some very successful German exits like sonnen or Novaled.
UltraSoC Technologies Ltd.
Phone: +44 7768 082 044
eCAPITAL ENTREPRENEURIAL PARTNERS AG
Phone: +49 251 70 37 67 0