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 and brings XMOS's total VC funding to $72 million.
Commenting, Mark Lippett, President and CEO at XMOS said, “The conclusion of our Series-E funding is a significant milestone for the business. XMOS is positioned at the crossover between embedded voice processing, biometrics and artificial intelligence, and the funds will enable us to execute our product development plans.”
Lippett said that he was 'delighted' with Infineon Technologies’ decision to become a strategic investor in the business. Both companies had previously worked closely together on developing innovative sensor fusion technologies.
“Through this investment, Infineon will further explore the high potential of voice control and is now well positioned to address future use cases like speaker authentication or contextual awareness,” said Andreas Urschitz, President of the Power Management & Multimarket (PMM) Division at Infineon. “This move was the logical next step, as we have identified HMI as a strategic growth area.”
