Mercia Ventures leads GBP 5 million funding round for memory-safe chipmaker SCI Semiconductor

• Mercia Asset Management-backed SCI Semiconductor raised GBP 5 million in an oversubscribed private funding round to accelerate chip production.
• Sheffield-based start-up develops ICENI, billed as the world’s first memory-safe computer chip using CHERI architecture to reduce software memory vulnerabilities.
• Round led by Mercia Ventures, co-led by PXN Ventures, with participation from Osney Capital, Black Opal Ventures, private investors.
• Financing follows a GBP 2.5 million round led by NPIF II and Mercia Ventures about a year earlier.
• SCI has fabricated first devices, booked over GBP 2 million of orders, won GBP 7.7 million of government contracts, secured Google Research, Microsoft partnerships.

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