LONDON Sidense Corp.(Ottawa, Canada), a startup that has developed a fuse-based one-time programmable non-volatile memory (NVM) intellectual property (IP) core targeted at a standard logic CMOS manufacturing process, has raised $6 million.
The venture capital financing round was co-led by Vertex Venture Capital, a leading Israeli venture capital firm, and Tech Capital Partners of Waterloo, Canada.
New investors include NTT Finance Corporation of Japan and Trellis Capital of Canada.
The funds will be used to expand the company's global marketing and sales efforts.
"With limited marketing efforts to date, Sidense has generated strong sales of its Logic NVM products," said Xerxes Wania, Chief Executive Officer, Sidense. "Several of our customers are currently in production using our memory IP and now is the ideal time to globally promote our technology and products to future customers."
Target markets for the company's IP include home entertainment consumer products, cellular phones, RFID, medical, automotive and other uses.
Sidense is included in the latest Version 7 iteration of the EE Times 60 Emerging Startups list published last month.