Sidense Corp., an Ottawa, Canada-based developer of silicon-proven embedded non-volatile memory IP, has received $1.1m in financing.
The round was led by Espresso Capital Partners with participation from existing backer Trellis Capital Corp.
Led by Xerxes Wania, President and CEO, Sidense develops silicon-proven embedded non-volatile memory (NVM) intellectual property (IP), which enables a wide range of electronic products powered by complex System on Chip (SOC) semiconductors.
Clients include tier 1 semiconductor companies.
According to a written statement (read here)., the company recently won a patent battle against Kilopass Technology Inc., a US-based competitor.