Sidense raises $6 million

Chipmaker Sidense Corp. secures $6 million in VC funding to broaden sales and marketing and help grow revenue Investors include Israel’s Vertex Venture Capital and Waterloo-based Tech Capital Partners, as well as Sidense.JPGnew investors NTT Finance Corp. of Japan and Toronto’s Trellis Capital. “With limited marketing efforts to date, Sidense has generated strong sales of its logic non-volatile memory products,” says CEO Xerxes Wania. “Several of our customers are currently in production using our memory intellectual property and now is the ideal time to globally promote our technology and products to future customers.” This is only the second reported funding round for Sidense, whose memory design blocks are used in semiconductors found in products like mobile phones and satellite radios.

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