Kandou raises USD 75 million in series D funding

20.12.2021 07:33, Isabelle Mitchell

Kandou, an innovative leader in high-speed, energy-efficient, chip link solutions, closed its Series D round of funding, resulting in USD 75 million raised in the round. To date, the total investment in Kandou is USD 207.8 million from new and existing investors. The investment supports ramp production of USB multiprotocol retimer solutions and ongoing development of chord signaling technology. Kandou won Venture Kick in 2011 and was one of the TOP 100 Swiss Startups from 2011 to 2016. 

Proceeds from Series D will be used to ramp production of Kandou’s first silicon product known as Matterhorn, a USB-C® multiprotocol retimer solution with USB4™ support for consumer and networking applications for electronic devices. Funds also will be used for ongoing development of product and technology roadmaps, including new silicon products and Chord™ signaling intellectual property (IP) for ultra-short reach and long-reach signaling applications.

“This round of funding will enable us to meet the demand for Matterhorn from customers while we continue to innovate and deliver high-speed connectivity solutions,” remarks Dr. Amin Shokrollahi, Founder and CEO of Kandou. “We thank Bessemer Venture Partners for their ongoing commitment to us and welcome new Kandou investors participating in this round.”

Source: press release (Globe Newswire)