Sidense Corp. is an Ottawa, Canada–based developer of silicon-proven embedded non-volatile memory (NVM) intellectual property (IP). Its NVM IP is designed to enable a wide range of electronic products powered by complex system-on-chip (SoC) semiconductors. Clients include tier 1 semiconductor companies. The company is led by President and CEO Xerxes Wania. Sidense recently won a patent battle against competitor Kilopass Technology Inc. Financially, the company received $1.1M in financing led by Espresso Capital Partners with participation from Trellis Capital Corp. Sidense Corp. is an Ottawa, Canada-based developer of Logic Non-Volatile Memory (LNVM) one-time programmable (OTP) memory IP cores. Its LNVM-OTP IP is designed for use in standard-logic CMOS processes. Customers use the company’s OTP for analog trimming, code storage, encryption keys such as HDCP and WHDI, RFID and Chip ID, medical and automotive applications, and configurable processors and logic. The company is led by Andrew Abouchar (Chairman of the Board) and Xerxes Wania (CEO and President). Sidense raised an additional $5.6m in Series C funding and intends to use the proceeds to develop new products. Investors in the round include Ontario Emerging Technologies Fund, Tech Capital Partners, VentureLink, and Vertex Venture Capital. Sidense Corp. is an Ottawa-based provider of memory IP for use in standard-logic CMOS processes. The company offers embedded non-volatile memory (NVM) products for use in complex integrated circuits and systems-on-chips (SoCs). Semiconductor and electronic systems companies incorporate Sidense memory IP into SoCs found in consumer, communications, industrial, automotive and medical products. On November 5, 2010 Sidense raised $5m in a Series B venture capital financing. The round was led by VentureLink Funds of Canada, with participation from existing partners Tech Capital Partners and Trellis Capital of Canada and Vertex Venture Capital of Israel. The proceeds will be used to expand development of embedded NVM products and to enhance the company’s sales and marketing efforts.

Total raised

$12M

Funding rounds

3

Latest round

Equity

Latest activity

Nov 2012