SCI Semiconductor raises £5M to ramp up production of memory-safe chips

Sheffield-headquartered company SCI Semiconductor , which has developed the world’s first memory-safe computer chip, has raised £5 million to accelerate production. The heavily oversubscribed round was led by two Northern Powerhouse Investment Fund II (NPIF II) fund managers, PXN Ventures and Mercia Ventures, which are responsible for NPIF II - PXN Equity Finance and NPIF II – Mercia Equity Finance, respectively. It also included investment from specialist cyber security seed investor Osney Capi