eoSemi Closes £3m Funding

eoSemi, a Rotherham, UK-based semiconductor company, has closed a £3m funding.
The round was led by NESTA Investments and Capital-E, with participation from existing investors Enterprise Ventures, via its RisingStars Growth Fund II and South Yorkshire Investment Fund.
eoSemi will use the funds to bring its new silicon-based timing device to market.
This technology, which is set to replace quartz crystals in a wide range of consumer goods from mobile
phones to televisions, as well as in industrial and automotive systems and wireless applications, allows a timing reference to be placed directly onto the existing silicon of the device, reducing the number of parts required for each device and therefore the cost and size.

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