XMOS in the money with big new investors
XMOS Ltd. a fabless semiconductor company which specialises in multicore microcontrollers, has announced the completion of a $26.2 million Series-D investment round, adding Robert Bosch Venture Capital GmbH of Germany, Huawei Technologies, a global information and communications technology (ICT) solutions provider and Xilinx Inc. from the USA as strategic investors in the company,.
This is alongside existing financial investors that include Amadeus Capital Partners, DFJ Esprit, and Foundation Capital.
XMOS will use the new funding to extend its market leadership in multicore technology for embedded applications by expanding customer support and accelerating new product development.
"This funding from major industry players alongside leading technology investors represents a resounding validation for our multicore technology and highlights the growing strength and importance of our business," says Nigel Toon, CEO at XMOS. "Each of these important new partners will bring major strategic value alongside their significant financial investment in the business. This will help us in our mission to build XMOS into a major fabless semiconductor company."
The Bosch Group is a supplier of technology and services in Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology. Investment activities of Robert Bosch Ventures Capital (the corporate venture company of the Bosch Group) focus on technology companies working in areas of business of current and future relevance for the Bosch Group.
Commenting on their investment, Hongquan Jiang, Investment Principle at Robert Bosch Venture Capital GmbH says, " XMOS is one of the most exciting young semiconductor companies around today and we see a huge potential for their intelligent multicore technology in various sectors of our parent company."
Huawei is a global ICT solutions provider, its products and solutions have been deployed in over 170 countries, serving more than one third of the world's population. XMOS will be partnering with Huawei on a number of potential projects that will help to expand the company's technology. Steve Chu, Chief Strategy Officer and Vice President at Huawei's silicon division, comments, "We have a very high regard for the team at XMOS and will be working closely with them on a number of exciting new projects."
The third strategic investor is Xilinx Technology Ventures, the investment arm of Silicon Valley based Xilinx, Inc. Xilinx is the a provider of All Programmable FPGAs, SoCs, and 3D ICs.
With this investment, Hongquan Jiang from Robert Bosch will be joining the XMOS Board of Directors.
