Canadian chip startup Teradici closed an $18 million B series round, The Deal reports.

The start up, headed by Dan Cordingley, formerly with Intel and LevelOne, is making a chip aimed at addressng security compliance disaster recovery issues around personal computers.

Teradici is planning a full launch by June and has delivered prototypes to OEMs who are adding the chip to their 2008 systems. Financial services and manufacturing are the target markets.

"There's a lot of issues in large enterprise IT organizations in how they deploy and manage desktop PCs," Cordingley said, including security issues with corporate data and core intellectual property, compliance issues with HIPAA and Sarbanes-Oxley, and disaster and pandemic threats.