Kandou secures $92.3 million in a series C funding round
18.11.2020 |

Kandou’s fresh capital brings the company’s total investment to $132.8 million. The funds will enable the startup to bring its first silicon product known as Matterhorn, a USB-C multiprotocol retimer solution with support for USB4, to market.

The Ecublens based fabless semiconductor startup, Kandou, has established itself as an innovative leader in high-speed, energy-efficient and chip link solutions, which are critical to the electronics market. Its first product, Matterhorn, is a product family of USB Type-C retimer solutions that leverages its unique low-power SerDes technology that extends reach with low latency and flexibility in a wide range of source- or sink- applications. The company enables a better-connected world by offering disruptive technology through licensing and standard products for smaller, more energy-efficient and cost-effective electronic devices.

The company has obtained fresh capital of $92.3 million in the Series C financing round led by Bessemer Venture Partners, with participation from two new investors, Climb Ventures, and Swiss Select Opportunities managed by Flexstone Partners. The proceeds from round will be used to bring Kandou’s first silicon product, Matterhorn, to market to enable consumer and networking applications for electronic devices. Additionally, funds will be used for the ongoing development of Chord signalling technology and Glasswing ultra-short reach (USR) SerDes intellectual property (IP).

“This round of funding will enable us to meet growing customer demand for Matterhorn as we continue to innovate and deliver high-speed connectivity solutions”, remarks Amin Shokrollahi, Founder and CEO of Kandou. “We thank Bessemer Venture Partners for its ongoing commitment to us and welcome investors Climb Ventures and Swiss Select Opportunities.”

“In my 41 years in venture capital, I haven’t seen a semiconductor technology as fundamental as Kandou’s proprietary inter and intra-chip connected technology since the advances in microprocessors in the late 70s,” says Felda Hardymon, Partner at Bessemer Venture Partners. “In the next decades, we will measure digital advances by their ability to move lots of data rather than by their ability to do mathematics fast. Kandou will provide many of the building blocks for that future. Bessemer Venture Partners is proud to be part of the Kandou team.”

Source: www.startupticker.ch/en/news/november-2020/kandou-secures-92-3-million-in-series-c-funding