XMOS secures £15.5m Series F funding led by Harbert European Growth Capital to expand its AIoT roadmap
The Bristol based technology company has raised capital from Harbert European Growth Capital and existing backers to fuel international growth and product development.
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.
XMOS has secured £15.5m in a Series F financing round led by Harbert European Growth Capital, with participation from existing investors. The capital comprises equity funding alongside a venture debt facility designed to support the firm without diluting current shareholders.
The proceeds will be directed towards international expansion, including growth of the Hong Kong office and new staff recruitment. Funds will also support product development to advance the company roadmap for the Artificial Intelligence of Things and consolidate its position in far field voice interfaces.
The Bristol based company builds on a decade of deep technology experience in consumer electronics. The fresh capital aims to accelerate commercialisation of its voice interface technology and expand its portfolio into smart homes, smart cities and smart factories.
From the founder
"We’re very grateful for the ongoing commitment of our existing investors and welcome Harbert to our exciting journey. This increased investment will be a major part of the growth of the company as we ramp up the rollout of our exceptional XVF3510 2-mic voice interface and accelerate our AIoT roadmap."
Mark Lippett
President and CEO at XMOS
Investor perspective
"We have structured our venture debt facility to help later stage scale-ups just like XMOS gain access to capital without diluting its existing shareholders."
David Bateman
Senior Managing Partner, Harbert European Growth Capital
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
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About the company
XMOS
XMOS provides voice enabled silicon architecture and software for smart devices.