XMOS raises $26M to fund multi-core tech development
U.K. chip designer XMOS Ltd. has obtained $26.2 million in total for its Series-D investment round, which, according to its CEO Nigel Toon, highlights the growing strength and importance of the firm's multi-core technology.
The Series D investment from Robert Bosch Venture Capital GmbH, Huawei Technologies, and Xilinx Inc. is to accelerate development of the next generation low latency, deterministic multi-core processor products.
"There's not many chip companies getting funded here or in the US so that is quite a standout event in itself," said Toon.
The deal includes investment from Europe, China, and U.S. "Huawei is an interesting partner," said Toon. "They are focussed on investing in Europe which is a small part of the reason but they are the number three supplier in smartphones and interested in the whole extension of that into the Internet of Things, so there are quite a few overlap areas. And a partnership with a company like that in China is tremendous."
The XMOS technology fits well with Bosch in automotive, industrial and consumer, said Toon, and Hongquan Jiang, Investment Principle at Robert Bosch Venture Capital, will join the XMOS board.
"XMOS is one of the most exciting young semiconductor companies around today and we see a huge potential for their intelligent multi-core technology in various sectors of our parent company," said Jiang.
The third strategic investor is FPGA vendor Xilinx. "There's nothing explicit with Xilinx but we are both programmable companies, we are lower power, they are heavily focussed on infrastructure so there's a lot of overlap in our general interests," said Toon, who used to work for arch-competitor Altera. "We have some common distributors so we can benefit from that."
The three firms from Germany, China, and U.S. join existing investors Amadeus Capital Partners, DFJ Esprit, and Foundation Capital.
- Nick Flaherty
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