UK-based internet-of-things technology startups Callsign, RazorSecure, Iotic Labs and Senseye have become the latest to secure funding from Reply's advanced incubator.

Minima is based on technology, which which makes digital computing as much as 20-times more energy efficient than current technology, spun out from VTT Technical Research Centre of Finland, Aalto University and the University of Turku.

The machine intelligence technology producer will add the Microsoft Ventures investment to a round already including IBM and Intel, and which now totals more than $25m.