XMOS Adds Bosch, Huawei and Xilinx as Strategic Investors to Complete $26M Investment Round
BRISTOL, England, July 21, 2014-- XMOS Ltd. the fabless semiconductor company and leader in intelligent multicore microcontrollers, has today 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, 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,” 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. Steve Chu, Chief Strategy Officer and Vice President at Huawei’s silicon division, commented, “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 world’s leading provider of All Programmable FPGAs, SoCs, and 3D ICs.
With this investment, Dr. Hongquan Jiang from Robert Bosch will be joining the XMOS Board of Directors. For more information on XMOS Ltd. visit www.xmos.com.
XMOS is an innovative fabless semiconductor company with its headquarters and main development center in Bristol, UK, and with an additional development center in Chennai, India, plus sales office and distributors supporting customers around the globe. The companies wide range of intelligent xCORE™ multicore microcontrollers allow engineers to create the exact hardware system needed for their application, all in software. This makes xCORE multicore microcontrollers ideal for demanding embedded applications in audio, automotive, consumer, industrial and robotics products, where other microcontrollers struggle. XMOS allows customers to download the xTIMEcomposer™ Studio development system from their website, making it easy to design complex embedded systems.
For more information please visit www.xmos.com
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