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12 September 2017

Xmos extricates $15m in funding

The voice-control technology developer spun out from University of Bristol has closed a series E round led by strategic investor Infineon Technologies.

Author: Robert Lavine, news editor, Global Corporate Venturing

Semiconductor maker Infineon Technologies has led a $15m series E round for Xmos, a UK-based voice-capture technology developer spun out from University of Bristol.

The round also featured Robert Bosch Venture Capital (RBVC), the corporate venturing subsidiary of industrial product maker Robert Bosch, along with Amadeus Capital Partners, Draper Esprit and Foundation Capital.

Founded in 2005, Xmos develops voice control and audio technology to be used in consumer electronics products, enabling users to interact with their electronics systems by speaking to them.

The technology was developed by David May, professor at the Department of Computer Science.

RBVC led the company’s last round, a $26.2m series D round in 2014 that included telecom equipment producer Huawei Technologies, chipmaker Xilinx, Amadeus Capital Partners, DFJ Esprit and Foundation Capital. Xmos has now raised approximately $72m in total.

Mark Lippett, president and CEO of Xmos, said: “Xmos is ideally positioned at the crossover between embedded voice processing, biometrics and artificial intelligence, 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 groundbreaking sensor fusion technologies; the investment really strengthens our strategic partnership.”

– A version of this article first appeared on our sister site Global Corporate Venturing.

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