XMOS raises $26m from three industry investors
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Bristol based fabless semiconductor company XMOS has completed a further round of funding, in which it has raised $26.2million from Robert Bosch Venture Capital, Huawei Technologies and Xilinx. The company says it will use the money to accelerate 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," said Nigel Toon, pictured, XMOS' CEO. "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."
According to Toon, there is a 'huge overlap' between XMOS and Bosch technology. "We've been able to get it excited enough to invest in us and to use our technology."
Hongquan Jiang, Investment Principal at Robert Bosch, added: "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."
Toon also sees potential at Huawei. "It's one of the biggest users of FPGAs and we'll be looking to slots where our low power flexible devices can displace an FPGA." Xilinx, meanwhile, is said to be interested in tracking XMOS' technology.
Toon noted that XMOS is continuing its product development process. "The recent appointment of Simon Knowles as CTO is driving this and we'll be announcing things early in 2015, with more announcements addressing a bigger step in terms of architectural evolution."
