AFIRM that designs microprocessors has secured more than XMOS was originally a spin-off from
The company designs multi-core microprocessors used in devices ranging from headphones to lawnmowers. This big investment will allow the firm to develop future generations of its processors, which it hopes will be used in even more devices.
XMOS chief operating officer
He said: "
"These are very flexible processors and have a breadth of reach across multiple markets.
"Our strategy to build on that broad base and we are very ambitious." He said the company would be taking on staff, but would not be splashing its cash recklessly.
Mark said aside from the cash, the investment was a great signal to other potential customers.
"These [investors] are three important companies which feel confident enough to put money behind us," he said.
The former is a Chinese-based IT solutions firm which recently announced plans for a research centre in
As strategic investors the companies will more than likely leave XMOS to get on with developing new products, recognising that new companies are often more agile when it comes to development and ideas, but cash in on the profits.
"It's about finding the right staff for projects," he said, adding: "We are well embedded in
"Without that pool of talent we would not be able to do what we do."
AFIRM that designs microprocessors has secured more than
XMOS was originally a spin-off from