Intrinsic ID secures 2.5 million for IoT security

Intrinsic ID has raised 2.5 million euros in financing from BOM Brabant Ventures. The cybersecurity specialist, headquartered in Sunnyvale, intends to use the capital for further development and commercialization of its patented SRAM PUF technology, which uses the unique fingerprint of a chip to protect devices that are connected to the Internet against cyberattacks. More specifically, the company aims to expand its engineering team at the High Tech Campus in Eindhoven. Earlier this year, it received an 11 million euro loan from the European Investment Bank.

The number of devices connected to the Internet is growing rapidly, increasing security issues. Intrinsic ID uses small differences in the material properties of chips to derive each device’s unique identity. In this way, authentication and data falsification issues can be prevented. More than 150 million chips are already equipped with Intrinsic ID technology and large semiconductor manufacturers such as Intel, Microchip, NXP and Renesas are among its customers.