TMCnet News
XMOS adds Bosch, Huawei and Xilinx as strategic investors to complete $26M investment round(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 22 July 2014 Release date- 21072014 - Bristol- 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. About XMOS XMOS is a young fabless semiconductor company based in Bristol, UK. The wide range of xCORE multicore microcontrollers with Hardware-Response provide a unique combination of parallel multitasking, deterministic performance, support from a large library of software-defined peripherals, allowing you to meet your exact design requirements. This makes xCORE multicore microcontrollers ideal for demanding embedded applications in audio, automotive, consumer and industrial products, where other microcontrollers struggle. XMOS provides xTIMEcomposer Studio, an easy to use development system, that makes it simple to design complex embedded systems. For more information please visit www.xmos.com (c) 2014 Electronic News Publishing - |