Silicon Microgravity, a Cambridge-based company that develops gravity and inertial sensors, has raised £1.8m as part of a wider £2.8m financing round.
The company, which emerged from the University of Cambridge in 2016, will use the funding to work on its mass production capabilities and commercialise its micro-electrical mechanical systems technology, with the aim of launching its gravity sensor later this year.
The round was backed by UK Innovation & Science Seed Fund (UKI2S), Oxford Innovation EIS Growth Fund, Oxford Innovation Finance’s Angel Network, and the Defence and Security Accelerator.
The technology has drawn interest from a major global aerospace and defence contractor, according to Francis Neill, CEO of Silicon Microgravity.
Alexander Leigh, investment director of UKI2S, said: “We are excited to be working with our partners in DSTL and DASA in leveraging defence sector support for technologies that also have clear use cases in other markets.
“In the case of SMG, we see a number of exciting and environmentally beneficial use cases in civil engineering, mineral mapping, and carbon capture storage.”
Cambridge is home to a wide number of semiconductor companies, most notably Arm, which earlier this month decided to forgo an IPO in its home market, instead opting for the US.
Image credit: Silicon Microgravity
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