XMOS secures £11.1m Series E funding led by Infineon Technologies to expand product development.
Infineon Technologies led the investment round with participation from existing backers including Amadeus Capital Partners and Foundation Capital.
XMOS is a Bristol based technology company specialising in voice processing, edge AI and internet of things applications. Its silicon architecture and software provide voice enabled solutions for consumer devices.
Bristol-based XMOS has secured £11.1m in a Series E funding round led by Infineon Technologies. The company provides voice capture and audio technology for consumer electronics, combining silicon architecture with software.
Participation in the round also came from existing backers Amadeus Capital Partners, Draper Esprit, Foundation Capital, and Robert Bosch Venture Capital. The capital will be directed towards product development initiatives as the business scales its operations.
The investment also deepens an existing relationship with Infineon, following collaborative work on sensor fusion technology.
From the founder
"The conclusion of our Series-E funding is a significant milestone for the business. XMOS is ideally positioned at the crossover between embedded voice processing, biometrics and artificial intelligence, and the funds will enable us to execute our ambitious product development plans. I am particularly delighted to welcome Infineon Technologies as a strategic investor in the business. We have worked closely with the Infineon team on groundbreaking sensor fusion technologies; the investment really strengthens our strategic partnership."
Mark Lippett
President and CEO at XMOS
Investor perspective
"The addition of Infineon as a strategic investor in this funding round validates the progress XMOS has made in this rapidly growing market. The outstanding strategic and operational alignment between the two organizations has already delivered compelling technology which is at the forefront of human- machine interfacing. This funding round, and the strategic partnership at its heart, will further consolidate XMOS as the leader in voice capture."
Bill Elmore
General Partner and Founder, Foundation Capital and Chairman of the XMOS Board, Foundation Capital
Use of funds
- 01Continue product development
Investors
Infineon Technologies
Amadeus Capital Partners
Draper Esprit
Bill Elmore
Foundation Capital
Robert Bosch Venture Capital
Categories
About the company
XMOS
XMOS provides voice enabled silicon architecture and software for smart devices.