Investors Amadeus Capital Partners, DFJ Esprit and Foundation Capital have renewed their commitment to fabless semiconductor company, XMOS (www.xmos.com), by participating in the company’s latest round of equity funding. XMOS is expected to use the funding of $14m, raised from a small group of existing and new London and Silicon Valley investors, to finance further expansion of its international operations.
This new funding follows the launch of XMOS’s new xCORE-XA extended architecture product family and significant design-win successes including wins at Sony and other major companies. Nigel Toon, President and CEO of XMOS, who is travelling in China this week with the UK Prime Minister as part of a major UK trade delegation said: “Revenue growth at XMOS has been averaging 30% quarter-on-quarter and design-wins at consumer, pro-audio, industrial and automotive customers are accelerating fast. This new investment is an endorsement of our world-class team, category-defining technology and strong market momentum.”
XMOS intends to expand its operations in China with the addition of a new support centre in Shenzhen and is opening a new sales office in Japan this month. A major increase in field applications engineering (FAE) support will see the opening of a sales and support office in Germany plus further expansion in resources across North America. At its development centres in Bristol, UK and Chennai, India the company expects its engineering force to double through 2014.
Amadeus’ funding came from Amadeus III and the Amadeus & Angels Seed Fund which, together with DFJ Esprit, provided early stage funding for XMOS in 2006, shortly after the company spun out from Bristol University.
For further information, please contact: Chantal Ligertwood, PR adviser to Amadeus,
07976 229 210. firstname.lastname@example.org