OXFORD, England Ignios, a start-up established in 2003 working in the embedded system-on-chip sector, has raised a total of $3.8 million in a first round of private financing.
SystemWeaver is designed to provide a on-chip solution to the real-time system management issues within complex, multi-core devices. It comprises software and hardware components that the company says can be integrated with little or no modification to the existing chip architecture or cores. It provides a unified programming model to the multi-core device, which enables programmers to continue to develop applications at a high level of abstraction.
Mark Lippett, Ignios co-founder and chief technology officer. “This technology will remove a major barrier to achieving optimal system performance in multi-core designs, and will deliver competitive advantage throughout the value chain – from semiconductor companies and OEMs to operating system developers.”
The investment, jointly led by Alice Lab and BTG, will enable the company to take its SystemWeaver technology from the first phase of development through to production.
With offices in Milan and Tel-Aviv, Alice Lab is a seed and very early stage venture capital firm investing in high-potential companies in the areas of communications, semiconductors, software and internet infrastructures and medical devices.
BTG is listed on the London Stock Exchange and finds, develops and commercialises emerging technologies in the life and physical sciences. These innovations are protected by a strong portfolio of intellectual property that BTG develops and enhances.
Miki Granski of Alice Lab and Peter Beynon of BTG will join Ignios' board of directors, which includes David MacKay who was formerly executive vice president and general counsel for ARM Holdings.