Densix is based on more than six years of research developed within the department and is creating a new class of ultra-dense power converters designed to significantly reduce system size while improving energy efficiency, thermal management and reliability.

The company says its proprietary technology can enable up to an eightfold reduction in form factor compared with conventional systems, with applications in AI data centres and future power grids.

The funding round was led by Oxford Science Enterprises, with participation from Parkwalk Advisors and the University of Oxford Innovation Fund.

Densix was co-founded by Professor Dan Rogers (CSO), alongside Anders Hakfelt (CEO), Engineering DPhil student Aleks Rustic-Smith and postdoctoral researcher Dr Kawsar Ali.

Anders Hakfelt said: “Densix reflects the strength of Oxford’s deep-tech ecosystem — where world-leading research, venture building expertise and early-stage investment come together to build companies with global potential.”