US-based programmable technology developer Efinix has closed a $9.5m funding round co-led by semiconductor manufacturer Xilinx and Hong Kong X Technology Fund, part of startup platform Hong Kong X.
Samsung Ventures Investment Corporation, a corporate venturing subsidiary of electronics producer Samsung Electronics, also took part in the round, as did Hong Kong Inno Capital and Brizan Investments.
Founded in 2012, Efinix has developed technology that facilitates the creation of small-form programmable silicon products that do not require substantial amounts of power to operate.
The investment will be used to bring the company’s products to market in the custom logic, compute acceleration and deep learning areas.
Efinix raised $250,000 in convertible debt financing in 2015, according to a regulatory filing, and although it has not revealed details of past funding, its website lists Malaysia Venture Capital Management and Agensi Inovasi Malaysia as investors.