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.
The funding will also support the development of XMOS’s AIoT solution portfolio. This will build on the company’s experience 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 $19 million investment round comprised equity funding, with participation from existing investors, and a venture debt facility with Harbert European Growth Capital.
Commenting, Mark Lippett, president and CEO at XMOS, said: “We’re very grateful for the on-going 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.”