LONDON Sidense Corp. (Ottawa, Canada), a develop of antifuse-based non-volatile memory, has announced that it has raised $5 million in a Series B, growth capital venture capital financing round led by VentureLink Funds of Canada.
Also participating in this round of funding are existing funding partners Tech Capital Partners and Trellis Capital of Canada and Vertex Venture Capital of Israel. The money will be used to expand Sidense's development of embedded non-volatile memory (NVM) products for use in systems chips implemented in leading-edge silicon processes and to enhance the company's sales and marketing efforts, the company said.
Sidense's proprietary single transistor, split-channel antifuse technology enables the design and development of one-time-programmable (OTP) or emulated multi-time-programmable (MTP) memory blocks that are alternatives to discrete flash, Mask ROM, electronic fuse (eFuse) and embedded flash memory. Sidense OTP memory is embedded in more than 90 customer designs and is available in processes ranging from 180-nm down to 40-nm, with further scaling possible. Customers are using Sidense OTP for analog trimming, code storage, encryption keys such as HDCP, WHDI, RFID and Chip ID, medical, automotive, and configurable processors and logic.
"The investment will provide the necessary capital to support the company's revenue growth to profitability," said Ken MacAskill, Sidense chief financial officer.
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