LONDON Hermann Hauser of Amadeus Capital Partners (Cambridge, England), backers of fabless semiconductor company XMOS Semiconductor Ltd. (Bristol, England) is set to join the board of directors of the company.
Hauser's move was announced by XMOS as it said it had raised
$16 million of venture capital in a Series A round led by Foundation Capital (Menlo Park, Calif.). Bill Elmore of Foundation is also joining the XMOS board. Existing investors Amadeus Capital Partners and DFJ Esprit, which provided seed capital XMOS, also contributed to the round.
"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 [software-defined silicon] has the opportunity to be a truly disruptive technology," said Hauser in a statement issued by XMOS.
“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.," said James Foster, chief executive officer of XMOS in the same statement.
Related articles:
XMOS tips software-defined silicon
XMOS revealed as configurable fabric company
Transputer's inventor raises funding for processor architecture