# Intrinsic Semiconductor Technologies funding: rounds and investors > Intrinsic Semiconductor Technologies has raised $47M across 6 rounds since 2022. Investors include Octopus Ventures, IP Group and Innovate UK. Source: https://millionrounds.com/company/intrinsic-semiconductor-technologies (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Seed startup](https://millionrounds.com/companies) # Who invested in *Intrinsic Semiconductor Technologies* 6 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Hardware & Electronics Semiconductors Raised 4 months ago Funding summary Updated 26 Oct 2026 **$47M** raised across 6 rounds since 2022, from 6 sources **$7.4M** Round **$8.5M** Round **$291K** Round **$2.8M** Round **$8.2M** Seed **$20M** Round - **Latest round:** Round, $20M Jul 2026 - **Step-up i:** 2.4× - **Investors:** 4 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2023 2024 2025 2026 **$7.4M** Round **$8.5M** Round **$291K** Round **$2.8M** Round **$8.2M** Seed **$20M** Round - **First round:** Round, $7.4M - **Biggest round:** $20M - **Usual gap between rounds:** 8 months ## The rounds - **Jul 2026** Round **$20M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Feb 2025** Seed **$8.2M** *1 new* *2 returning* [Innovate UK](https://millionrounds.com/fund/innovate-uk) [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) [IP Group](https://millionrounds.com/fund/ip-group) Source recorded - **Nov 2024** Round **$2.8M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Mar 2024** Round **$291K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Mar 2023** Round **$8.5M** *3 new* [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) Lead [IP Group](https://millionrounds.com/fund/ip-group) [UCL Technology Fund](https://millionrounds.com/fund/ucl-technology-fund) Reported by UCL Technology Fund - **Dec 2022** Round **$7.4M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet ## Founders and team From Intrinsic Semiconductor Technologies's own website: 1 founder, 8 on the team. **Dr Adnan Mehonic** Co-Founder, CTO - **Zack Deiri** President & CEO - **Dr Wing Ng** Head of Process and - **Ben Jones** IC Design Director - **Dr Fernando Aguirre** Senior Device Engineer - **Dr Giorgio Anania** Chairman - **Dr Matt Schormans** Senior Analog Design Engineer - **Fabrizio Cabaleiro** Senior AI Engineer - **Nigel Toon** Director ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2022 **Round** 2023 **Round** 2024 **Round** 2024 **Seed** 2025 **Round** 2026 [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) L [IP Group](https://millionrounds.com/fund/ip-group) [Innovate UK](https://millionrounds.com/fund/innovate-uk) [UCL Technology Fund](https://millionrounds.com/fund/ucl-technology-fund) ## Everyone who backed them [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) VC firm **2** rounds, led 1 [IP Group](https://millionrounds.com/fund/ip-group) VC firm **2** rounds [Innovate UK](https://millionrounds.com/fund/innovate-uk) VC firm **1** round [UCL Technology Fund](https://millionrounds.com/fund/ucl-technology-fund) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=intrinsic-semiconductor-technologies). ## Quick answers about Intrinsic Semiconductor Technologies ### Who invested in Intrinsic Semiconductor Technologies? Intrinsic Semiconductor Technologies's investors include Octopus Ventures, IP Group, Innovate UK and UCL Technology Fund. ### How much has Intrinsic Semiconductor Technologies raised? Intrinsic Semiconductor Technologies has raised $47M across 6 rounds since 2022. ### When did Intrinsic Semiconductor Technologies last raise? Intrinsic Semiconductor Technologies's most recent round, $20M, was in Jul 2026. ### What was Intrinsic Semiconductor Technologies's biggest round? Its most recent round, $20M in Jul 2026, is also its largest on record. ### Who backed Intrinsic Semiconductor Technologies first? Intrinsic Semiconductor Technologies's first round on record, in Mar 2023, was backed by Octopus Ventures, IP Group and UCL Technology Fund. ### What stage is Intrinsic Semiconductor Technologies at? Intrinsic Semiconductor Technologies's latest named round is a Seed, in Feb 2025. ### Where is Intrinsic Semiconductor Technologies based? Intrinsic Semiconductor Technologies is based in the United Kingdom. ### Who led Intrinsic Semiconductor Technologies's rounds? Octopus Ventures led the funding round in 2023. ## Companies like Intrinsic Semiconductor Technologies In the same sector, and raised in the last eighteen months. 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