LONDON Ė XMOS Ltd., a developer of event-driven multicore processors, said it is planning to raise more funds in 2013.
Founded in 2006, XMOS (Bristol, England) is reported to have staged only one significant round of venture capital funding in 2007 that generated about $16 million. Investors included Foundation Capital and previous investors Amadeus Capital Partners and DFJ Esprit.
XMOS CEO Nigel Toon said the company has raised additional, unspecified funds. "We have a lot of cash in the bank," Toon added. "We will raise more money next year, which we expect would be our last round. There has been some strategic interest in the company."
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XMOS was originally launched as a multicore processor developer and an extension of co-founder and CTO David May's interest in parallel processing. So far, the company has produced single, dual and quad-core processors. Under Toon, XMOS has added microcontroller peripheral features and software to these relatively simple multicore, event-driven, low latency processors.
"The scaling is still there. The XConnect would be the challenge," said Toon, referring to the physical cross-connect that links together all cores on a chip.
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