XMOS, a Bristol-based company that designs microprocessors, has attracted investment to the tune of $26 million, (£15.3 million) from a consortium of major technology firms. They include leading technology firm Bosch, Chinese telecoms giant Huawei and USA-based logic device manufacturer Xilinx Inc.
XMOS was a spinout firm from Bristol University and makes highly advanced multicore microcontrollers for the type of next-generation devices that will play key roles in the Internet of Things.
“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.”
“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”
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 other strategic investors in the company are Amadeus Capital Partners, DFJ Esprit, and Foundation Capital.
