Software defined silicon company raises $16 million
XMOS Semiconductor, a creator of software defined silicon (SDS) chips, has secured a $16 million, series A (R1) VC venture funding. Existing investors Amadeus Capital Partners and DFJ Esprit were joined by Foundation Capital.
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XMOS claims to have created a new category of semiconductors for consumer electronics applications with its reprogrammable software defined silicon chips for high volume system designers – adaptable to allow differentiation via rapid design changes. Targeting the $1- $10 price range, its devices are aimed at high volume consumer electronics applications. Silicon, development tools and software components will sample to lead customers through Q4 and be broadly available from Q1 2008.
James Foster, CEO of XMOS, said, “XMOS has assembled an outstanding team of people clearly focused on delivering this industry-changing technology to its customers. We are thrilled to welcome Foundation, and to have the continued support of our founding investors at Amadeus and DFJ Esprit.”
“Foundation is very excited to be involved with XMOS and to be able to support the global roll-out of the company's unique technology,” said Bill Elmore of Foundation Capital. Elmore joins the XMOS board of directors.
Dr. Hermann Hauser of Amadeus Capital Partners said, “We are delighted to continue our support of XMOS. The speed at which the company's technology has moved from university science to a commercial proposition has been remarkable. Customer reaction has been extremely positive and SDS has the opportunity to be a truly disruptive technology.” Hauser also joins the XMOS board of directors.
Alan Duncan, a partner with Esprit Capital Partners and a director of XMOS added, “We are very pleased with the progress that XMOS has made since our investment last year and have been greatly encouraged by the level of interest in their products already being shown by some of the world's leading consumer electronics companies.”
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