Spiral funding provides gateway to market
Article Date: Apr 15 2008An Edinburgh-based computer processing technology developer has received a boost after securing a six-figure sum from a consortium of new and existing investors. Spiral Gateway, which is creating a method for computers to process multimedia, wireless and broadband tasks, has received £730,000.
The funding was led by returning investor Braveheart, a technology-focused financier. It was joined in the syndicate by Imperial Innovations, Bank of Scotland Corporate and the Scottish Co-investment Fund.
Braveheart chief executive Geoffrey Thomson says the company’s technology could be sold to several markets when fully developed.
Spiral aims to incorporate its technology on to silicon chips and will initially target the image signal processing market, a function required in every camera-enabled mobile phone.
The company was founded in 2004 as a spin-out from Edinburgh University. It has a licence with the institution for the rights to its reconfigurable instruction cell architecture technology and recently released a silicon-based prototype of the technology to market its product to the image signal processing market.
