Malta Backs Quinas' Novel Persistent Memory Tech

Malta Government Venture Capital (MGVC) has signaled its strategic endorsement of Quinas Technology, a UK-based innovator in semiconductor memory. The approval, granted on May 7, 2026, highlights the potential of Quinas' groundbreaking ULTRARAM persistent memory technology. This development is particularly significant as it comes under a co-investment framework, requiring Quinas Technology to secure additional financing from other entities to unlock the MGVC commitment.

Emerging from over a decade of dedicated research at Lancaster University's Physics Department, Quinas Technology was formally established in 2023. The company's core innovation, ULTRARAM™, represents a patented approach to ultra-low power non-volatile memory. This technology aims to bridge the performance gap between traditional volatile memory like DRAM, known for its speed, and non-volatile storage such as flash, which retains data without power. ULTRARAM seeks to deliver the best of both worlds: the rapid access and high endurance of DRAM combined with the data persistence of flash.

The implications for the semiconductor industry are substantial. Current computing architectures often necessitate separate components for fast, temporary data storage and slower, permanent storage. This separation can introduce latency and power inefficiencies, especially in demanding applications. Quinas Technology's ULTRARAM™ technology offers a unified solution, potentially streamlining system design and enhancing operational efficiency. The market for advanced memory solutions is experiencing robust growth, driven by the insatiable demand for data processing in areas like artificial intelligence and the Internet of Things.

The ULTRARAM™ technology is specifically engineered for use cases where both speed and data integrity are paramount. This includes accelerating AI inference tasks, powering sophisticated real-time analytics platforms, and enabling more capable edge computing devices. The ability to retain critical data without constant power supply is a key differentiator for these applications, promising to unlock new levels of performance and autonomy in intelligent systems. The global AI hardware market, a key target for ULTRARAM, is projected to expand significantly in the coming years.

The leadership team at Quinas Technology comprises experienced individuals dedicated to advancing this novel memory solution. James Ashforth-Pook serves as Co-founder and CEO, guiding the company's strategic direction. Dr. Peter Hodgson holds the position of CTO, overseeing the technical development, while Prof. Manus Hayne leads the research efforts. Their collective expertise, cultivated during the extensive research phase at Lancaster University, underpins the technological foundation of the company.

This investment from Malta Government Venture Capital underscores a growing trend of governmental and institutional support for deeptech innovations with significant market potential. While the specific funding amount remains undisclosed pending further investment, the strategic alignment with Malta's venture capital initiatives signals confidence in Quinas' long-term vision. The co-investment model employed by MGVC encourages a collaborative funding approach, aiming to de-risk investments and attract further private capital into promising technology ventures.