XMOS develops silicon and software that combine voice-processing, edge-AI and IoT to deliver far-field voice interfaces, including its XVF3510 2-mic voice interface. The company has a ten-year pedigree in deep technology solutions for consumer devices and says its unique silicon architecture and differentiated software enable class-leading voice-enabled solutions. The new funding will support global growth, including expansion of its Hong Kong office and additional hiring. XMOS plans to accelerate development of an AIoT solution portfolio targeting smart homes, smart cities and smart factories. The company is backed by established high-tech venture capital investors and positions itself at the intersection of voice-processing, edge-AI and the IoT. The financing comprises equity funding alongside a venture debt facility from Harbert European Growth Capital. XMOS is a supplier of voice and audio solutions that combines voice processing, biometrics and artificial intelligence for the consumer electronics market. The company offers xCORE real-time, flexible 32-bit multicore microcontrollers and audio processors along with verified software libraries. It provides complete reference software solutions, the xTIMEcomposer Studio development tools for real-time performance and timing validation, and a range of development boards to test embedded system concepts. XMOS is led by President and CEO Mark Lippett. The company raised $15M in a Series E and intends to use the funds for product development plans. XMOS is based in Bristol, UK. XMOS is a fabless semiconductor company headquartered in Bristol, UK, with an additional development center in Chennai, India. It develops xCORE multicore microcontrollers and the xTIMEcomposer Studio development system, enabling engineers to implement exact hardware systems in software. Its multicore controllers target demanding embedded applications across audio, automotive, consumer, industrial, and robotics products. The company positions itself as a leader in intelligent multicore microcontrollers and emphasizes strategic industry partnerships. XMOS will use new funding to extend market leadership by expanding customer support and accelerating new product development. It recently completed a $26.2M Series D financing that strengthens its financial position. XMOS develops the xCORE family of multicore microcontrollers and associated xSOFTip software IP and xTIMEcomposer Studio development tools for demanding embedded applications in audio, automotive, consumer and industrial markets. The company recently launched the xCORE-XA extended architecture product family and has secured significant design wins, including at Sony and other major companies. XMOS reports revenue growth averaging 30% quarter-on-quarter, which the company cites as driving its expansion plans. To support growth it plans to expand globally with a support center in Shenzhen, a sales office in Japan, increased FAE and a sales/support office in Germany, and further resource expansion in North America. XMOS expects its engineering headcount at its Bristol, UK and Chennai, India development centers to double through 2014 and will recruit additional systems, silicon, and software engineers. The company plans to continue expanding its portfolio of software IP components alongside these hires.

Total raised

$74M

Funding rounds

5

Latest round

Equity

Latest activity

Sep 2019