Transmode

AePONA provided the software engine that powers the “Network as a Service” (NaaS) business model for mobile operators.

Bellco was a pioneer in haemodialysis, they were acquired by Medtronic in 2016.

Ciphergen Biosystems developed a patented protein chip to detect proteins within biological samples. The company successfully floated on NASDAQ.

ContactEngine was a Conversational AI company that used advanced linguistics and intent analysis to automate and optimise customer engagement across digital channels. It was acquired by Nice Systems in 2021.

Cryptosense provided cryptography management software that gave enterprises deep visibility into encryption practices, helping secure critical data across applications and infrastructure. Acquired by SandboxAQ in 2022.

CSR was a Bluetooth semiconductor pioneer whose single-chip wireless solutions brought short-range connectivity to the mass market. CSR completed an IPO and was later acquired by Qualcomm.

Element 14 was a fabless semiconductor company that developed chips to enable the rapid expansion of broadband connectivity. It was acquired by Broadcom for $642m in 2000.

Entropic Inc. was a speech recognition pioneer whose signal processing software and HMM innovations laid the groundwork for modern voice systems. It was acquired by Microsoft in 1999.

FiveAI was an autonomous vehicle software company developing AI-driven systems for safe, self-driving urban transport across Europe. It was acquired by Bosch in 2022.

Icera was a semiconductor innovator whose software-defined modems powered next-generation mobile devices and helped redefine wireless performance. It was acquired by NVIDIA in 2011.

Igenomix is a reproductive genetics company providing advanced diagnostic testing to improve fertility outcomes and support women’s health globally. It was acquired by EQT in 2019.

Openbravo was a cloud-based retail software company enabling agile, unified commerce experiences for retailers and restaurants worldwide. It was acquired by DL Software in 2022.

Optos was a medtech company whose Optomap imaging technology enabled early detection of retinal diseases through non-invasive, wide-field digital scans. It listed on the London Stock Exchange in 2006 and was acquired by Nikon for $400m in 2015.

Ravelin is a fraud prevention platform that uses machine learning and graph-based analysis to detect and stop fraud before it happens. It was acquired by Worldpay in 2025.

SandboxAQ is an enterprise software company combining AI and quantum technologies to solve major challenges across healthcare, finance, cybersecurity, and navigation.

Solexa developed next-generation genome sequencing technology to make high-speed, low-cost DNA analysis accessible for research and clinical diagnostics. It was acquired by Illumina in 2007.

Tobii is the global leader in remote eye tracking, developing technology that powers next-generation human-machine interaction across consumer and professional applications. The company listed on Nasdaq Stockholm in 2015.

Transmode delivered optical networking solutions using CWDM and DWDM technologies to help telecom operators expand network capacity and performance efficiently. It listed on Stockholm NASDAQ OMX in 2011 and was acquired by Infinera in 2015.

VocalIQ was a Cambridge-based voice AI start-up developing adaptive, learning-based spoken language systems. It was acquired in 2015 by Apple to strengthen its conversational interface technology.