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XMOS adds Bosch, Huawei and Xilinx as strategic investors
July 23, 2014	News 908 Views
XMOS Ltd. the fabless semiconductor company and a leading supplier of intelligent multicore microcontrollers, has announced the completion of a $26.2m Series-D investment round, adding Robert Bosch Venture Capital GmbH of Germany, Huawei Technologies, a leading global information and communications technology (ICT) solutions provider and Xilinx Inc. from the USA as strategic investors in the company.
These new investors join 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 what believe is a resounding validation for our multicore technology and highlights the growing strength and importance of our business," said 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 leading global 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 said, "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 leading 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.
The third strategic investor is Xilinx Technology Ventures, the investment arm of Silicon Valley based Xilinx, Inc. Xilinx is the world's leading provider of All Programmable FPGAs, SoCs, and 3D ICs.
www.xmos.com
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