Xmos, a UK-based fabless semiconductor developer backed by corporates Robert Bosch, Infineon Technologies, Huawei Technologies and Xilinx, closed $19m in equity financing and venture debt on Monday.
The equity funding was supplied by undisclosed existing investors while Harbert European Growth Capital provided the debt financing.
Founded in 2005 and spun out of University of Bristol, Xmos focuses on voice control and audio components for consumer electronics products that enable users to interact with devices by speaking to them.
The capital will fund work on additions to the company’s product portfolio, with the aim of broadening its roadmap to incorporate more applications exploiting artificial intelligence. It will also hire more staff and accelerate its international expansion efforts.
Xmos has now secured $91m in funding in total. Semiconductor producer Infineon led a $15m series E round in 2017 that included Robert Bosch Venture Capital (RBVC), a subsidiary of industrial product maker Robert Bosch, as well as Amadeus Capital Partners, Draper Esprit and Foundation Capital.
The company had previously received $26.2m in an RBVC-led series D round in 2014 that was also backed by telecommunications equipment manufacturer Huawei, chipmaker Xilinx, Amadeus Capital Partners, DFJ Esprit and Foundation Capital.
Photo courtesy of XMOS. The original version of this article appeared on our sister site, Global University Venturing.