Intrinsic: Specialising in next-generation non-volatile random-access memory (ReRAM) technology

*Published in our 2025 Meaningful Impact Report.

Intrinsic Semiconductor is a UCL spin-out built on a decade of RRAM research. Its embedded non‑volatile memory is c.5× smaller and delivers read and write speeds up to 100× and 1,000× faster than Flash. By placing memory compute directly onto the chip, Intrinsic boosts microcontroller performance and opens new possibilities in high‑bandwidth memory. The result is fundamentally new ultra-energy‑efficient computation designed for the AI era.

IP Group's initial investment was in 2020. The company was spun out from University College London.

The beneficiaries span from individual device owners, across computers, phones, and wearables, to hyperscalers and governments building AI infrastructure. The technology delivers the computational and energy efficiency needed to counter the sharp rise in power consumption driven by AI adoption. In practice, any hardware, from IoT to advanced AI systems, that depends on storing information stands to benefit from Intrinsic’s innovation. 

Intrinsic is transforming how data is stored, read, and written using non-volatile memory, which can be integrated into chips to deliver ultra-fast, cheaper, and lower energy computation than Flash memory. 

Intrinsic has established strong partnerships with industry leaders like Imec, leveraging their infrastructure and drawing on expertise from over 4,000 scientists to drive innovation within in memory compute.

Intrinsic’s technology bypasses bottlenecks experienced by Flash memory, which are costly, less energy efficient, and more power hungry. 

Emerging AI infrastructure and architectures can place Intrinsic’s RRAM technology directly onto state of the art processor chips, enabling them to become more performant at lower cost. Moreover, its CMOS compatibility means chip manufacturers can adopt the technology at scale.

Intrinsic was founded in 2017 and spun out from UCL’s Department of Electronic and Electrical Engineering.

IP Group invested at Seed stage and has continued to back the company alongside Octopus Ventures and the UCL Technology Fund.

IP Group has held a board seat since 2020. 

IP Group continues to support Intrinsic’s growth, reflecting conviction in its commercial potential and its ambition to address core bottlenecks in conventional memory while supporting new architectures and applications.