XMOS secures $19m funding to accelerate growth

14th October 2019
Posted By : Alex Lynn
XMOS secures $19m funding to accelerate growth

XMOS, a Bristol-based technology company, has announced the completion of a new $19m financing round, fuelling the company’s global growth, consolidating its technical leadership in far-field voice interfaces and developing a new product roadmap for the artificial intelligence of things (AIoT).

The funding will support XMOS’s continued growth and an expanded global footprint, including new staff, in its Hong Kong office. This investment will enable the company to capitalise on its technical leadership in the far-field voice interface market, working with leading OEMs around the world.

The funding will also support the development of XMOS’s AIoT solution portfolio. This will build on the company’s ten-year pedigree in deep technology solutions for consumer devices, expanding its product set into a potentially transformative market that will fuel new digital and data services in the smart homes, smart cities and smart factories of the future.

The $19m investment round comprised equity funding, with participation from existing investors, and a venture debt facility with Harbert European Growth Capital.

Mark Lippett, President and CEO at XMOS, said: “We’re very grateful for the ongoing commitment of our existing investors and welcome Harbert to our exciting journey. This increased investment will be a major part of the growth of the company as we ramp up the rollout of our exceptional XVF3510 2-mic voice interface and accelerate our AIoT roadmap.”

David Bateman, Senior Managing Partner at Harbert European Growth Capital, added: “We have structured our venture debt facility to help later stage scale-ups just like XMOS gain access to capital without diluting its existing shareholders. We’re delighted to join XMOS in its drive to scale its existing business and position itself for the huge opportunity represented by the AIoT.”


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

Vietnam International Defense & Security Exhibition 2020
4th March 2020
Vietnam National Convention Center, Hanoi
The Sensor Show 2020
16th June 2020
Germany Messe Munich