Powering growth in voice with $15m funding round

5th October 2017
Posted By : Joe Bush
Powering growth in voice with $15m funding round

A specialist in voice capture solutions for the consumer electronics market, XMOS, has announced its $15m Series-E funding round. The round was led by Infineon Technologies with additional funding from existing investors Amadeus Capital Partners, Draper Esprit, Foundation Capital and Robert Bosch Venture Capital.

Commenting on the funding, Mark Lippett, President and CEO at XMOS said: “The conclusion of our Series-E funding is a significant milestone for the business. XMOS is ideally positioned at the crossover between embedded voice processing, biometrics and Artificial Intelligence (AI), and the funds will enable us to execute our ambitious product development plans. I am particularly delighted to welcome Infineon Technologies as a strategic investor in the business. We have worked closely with the Infineon team on ground-breaking sensor fusion technologies - the investment really strengthens our strategic partnership.”

“Through this investment, Infineon will further explore the high potential of voice control and is well positioned to address future use cases like speaker authentication or contextual awareness,” added Andreas Urschitz, President of the Power Management & Multimarket (PMM) Division at Infineon. “This was the logical next step, as we have identified HMI as a strategic growth area.”

Bill Elmore, General Partner and Founder, Foundation Capital and Chairman of the XMOS Board said: “The addition of Infineon as a strategic investor in this funding round validates the progress XMOS has made in this rapidly growing market. The outstanding strategic and operational alignment between the two organisations has already delivered compelling technology which is at the forefront of human-machine interfacing. This funding round, and the strategic partnership at its heart, will further consolidate XMOS as the leader in voice capture.”


You must be logged in to comment

Write a comment

No comments




Sign up to view our publications

Sign up

Sign up to view our downloads

Sign up

SPS IPC Drives 2019
26th November 2019
Germany Nuremberg Messe
Vietnam International Defense & Security Exhibition 2020
4th March 2020
Vietnam National Convention Center, Hanoi