Silicon Microgravity secures £2.8m from investors including Oxford Innovation Finance to commercialise sensor technology.
The funding was backed by the UK Innovation & Science Seed Fund, Oxford Innovation EIS Growth Fund, Oxford Innovation Finance's Angel Network, and the Defence and Security Accelerator.
Silicon Microgravity develops inertial and gravity sensors using proprietary resonant micro-electrical mechanical systems technology. The Cambridge spin-out targets motion sensing and subsurface imaging markets.
Silicon Microgravity has secured a £2.8m funding round, closing its first stage with £1.8m in new capital. The investment was backed by the UK Innovation & Science Seed Fund, the Oxford Innovation EIS Growth Fund, Oxford Innovation Finance's Angel Network, and the Defence and Security Accelerator.
The proceeds will be directed towards the commercialisation of the company's unique micro-electrical mechanical systems technology, which includes high-performance accelerometers, gyroscopes, and gravity sensors. Spun out from the University of Cambridge, the firm aims to address high-end inertial sensing markets and subsurface imaging applications.
From the founder
"This new investment provides us with the funding to take our game changing technology to commercialisation, helping deliver the UK government’s semiconductor and technology strategy. Our Inertial sensors are already gaining strong industry interest globally with a major aerospace and defence contractor having already placed contracts. Our revolutionary gravity sensor will be commercialised later this year with the industry interest shown by our acceptance on to Europe’s largest infrastructure accelerator program and the award of funding from the Department for Business and Trade railway construction innovation competition. We are very excited for this next stage in SMG’s journey."
Francis Neill
Chief Executive Officer and Director at Silicon Microgravity
Investor perspective
"We are proud to cornerstone this investment into this UK-based DeepTech spin out from Cambridge. It’s evidence of our ambition to back innovative companies that are forging ahead in providing impactful solutions across key markets. SMG is one of the early investments from the UKI2S dual-use fund dedicated to early-stage companies which can positively impact defence and security. 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."
Alexander Leigh
Investment Director, UK Innovation & Science Seed Fund
Use of funds
- 01Continue product development
Investors
Alexander Leigh
UK Innovation & Science Seed Fund
Oxford Innovation EIS Growth Fund
Richard Cooper
Oxford Innovation Finance
Defence and Security Accelerator
Categories
About the company
Silicon Microgravity
Silicon Microgravity develops inertial and gravity sensors using micro-electrical mechanical systems technology.