XMOS Powers Growth With $15 Million Funding Round
XMOS has announced its $15 million Series-E funding round. The round was led by Infineon Technologies with additional funding from existing investors Amadeus Capital Partners, Draper Esprit, Foundation Capital and Robert Bosch Venture Capital.
Commenting on the funding, Mark Lippett, President and CEO at XMOS said, “The conclusion of our Series-E funding is a significant milestone for the business. XMOS is ideally positioned at the crossover between embedded voice processing, biometrics and artificial intelligence, and the funds will enable us to execute our ambitious product development plans. I am particularly delighted to welcome Infineon Technologies as a strategic investor in the business. We have worked closely with the Infineon team on groundbreaking sensor fusion technologies; the investment really strengthens our strategic partnership."
“Through this investment, Infineon will further explore the high potential of voice control and is well positioned to address future use cases like speaker authentication or contextual awareness," added Andreas Urschitz, President of the Power Management & Multimarket (PMM) Division at Infineon. “This was the logical next step, as we have identified HMI as a strategic growth area."
Bill Elmore, General Partner and Founder, Foundation Capital and Chairman of the XMOS Board said “The addition of Infineon as a strategic investor in this funding round validates the progress XMOS has made in this rapidly growing market. The outstanding strategic and operational alignment between the two organizations has already delivered compelling technology which is at the forefront of human-machine interfacing. This funding round, and the strategic partnership at its heart, will further consolidate XMOS as the leader in voice capture."