Bosch and Huawei invest in British semiconductor business

Bristol-based semiconductor business XMOS has closed a Series D investment deal, pulling in new corporate backers.

XMOS, which develops programmable chips and processors, has secured the backing of Robert Bosch Venture Capital and Huawei Technologies.

Also investing alongside the two institutions is Xilinx Technology Ventures, the investment arm of Silicon Valley-based Xilinx.

XMOS has now raised $57.4 million since it began fundraising in September 2006. Back then a $1.2 million deal was led by DJF Esprit and Prelude Trust, with a Series B round worth $16 million and Series C deal worth $14 million following in 2007 and 2013 respectively.

The additional funds will be used to expand customer support and speed up new product development associated with its fabless semiconductor applications.

Nigel Toon, CEO of XMOS, comments, ‘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.

‘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.’

Joining the corporate backers in the Series D transaction are existing investors Amadeus Capital Partners, DFJ Esprit and Foundation Capital.

Investment from Robert Bosch Venture Capital centres on technology developments in the areas of ‘current and future relevance’ for Bosch Group, which involves automotive, consumer goods, energy, building technology and industrials.

Hongquan Jiang, investment principle at Robert Bosch Venture Capital, says, ‘XMOS is one of the most exciting young semiconductor companies around today and we see a huge potential for their intelligent multicore technology in various sectors of our parent company.’

As part of the deal, Jiang will be joining the XMOS board of directors to assist with future growth.

Hunter Ruthven

Hunter Ruthven

Hunter was the Editor for from 2012 to 2014, before moving on to Caspian Media Ltd to be Editor of Real Business.

Related Topics

Series D funding