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An 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. This latest funding will provide the company with working capital while it develops and markets its technology.

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 said he is backing the company’s technology, which could be sold to several markets when fully developed.

Spiral’s Graham Townsend said he is looking forward to building on the company’s relationship with its funders to develop its products, while Imperial Innovations chief executive Susan Searle added that she is backing the company due to the potential of its technology.

The company 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.

Spiral Gateway 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.

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