Silicon MicroGravity: Cambridge Firm Secures £1.8M Funding for Innovative Sensor Tech
March 31, 2023
Silicon Microgravity, a pioneering firm based in Cambridge, has recently secured a significant £1.8 million in funding as part of a larger £2.8 million financing round. Established in 2016 as a spinout from the esteemed University of Cambridge, Silicon Microgravity specialises in the development of cutting-edge gravity and inertial sensors, vital components in various industries ranging from aerospace to civil engineering.
The infusion of capital is poised to bolster Silicon Microgravity's endeavours in enhancing its mass production capabilities and bringing its innovative micro-electrical mechanical systems technology to the commercial forefront. This funding injection aligns with the company's ambitious plans to introduce its gravity sensor to the market later this year, marking a significant milestone in its journey of technological advancement.
Among the investors backing Silicon Microgravity's latest funding round are notable entities such as the UK Innovation & Science Seed Fund (UKI2S), Oxford Innovation EIS Growth Fund, Oxford Innovation Finance’s Angel Network, and the Defence and Security Accelerator. Their support underscores the recognition and confidence in Silicon Microgravity's potential to revolutionise various sectors with its groundbreaking sensor technology.
Francis Neill, the CEO of Silicon Microgravity, expressed enthusiasm about the burgeoning interest the company's inertial sensors has garnered globally. Notably, a major aerospace and defence contractor has already initiated contracts, highlighting the widespread applicability and demand for Silicon Microgravity's offerings across diverse industries.
Cambridge's reputation as a hub for semiconductor innovation is further reinforced by Silicon Microgravity's success. The region boasts a rich ecosystem of technology-driven enterprises, with prominent names like Arm leading the forefront. This recent funding achievement adds another feather to Cambridge's cap, showcasing its continuous contribution to the advancement of cutting-edge technologies.
Alexander Leigh, the investment director of UKI2S, emphasised the strategic collaboration with partners such as DSTL and DASA to leverage support from the defence sector, while also recognising the broader applications of Silicon Microgravity's technology. Beyond aerospace and defence, the potential applications span a spectrum of fields including civil engineering, mineral mapping, and carbon capture storage, promising significant environmental and societal benefits.
As Silicon Microgravity gears up to capitalise on the influx of funding, its focus remains steadfast on accelerating the commercialisation of its gravity sensor technology. With a solid foundation rooted in academic excellence and bolstered by strategic investments, the company is poised to carve a niche for itself in the burgeoning landscape of sensor technologies.
In conclusion, Silicon Microgravity's successful funding round marks a significant milestone in its journey towards commercialising innovative sensor technology. With strong investor backing and a clear vision for the future, the company is primed to make impactful contributions across various industries, driving forward advancements in both technology and sustainability.