{"id":383204,"date":"2020-11-17T11:03:20","date_gmt":"2020-11-17T16:03:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383204"},"modified":"2020-11-17T11:03:20","modified_gmt":"2020-11-17T16:03:20","slug":"kandou-raises-92-3-million-in-series-c-funding","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kandou-raises-92-3-million-in-series-c-funding\/","title":{"rendered":"Kandou Raises $92.3 Million in Series C Funding"},"content":{"rendered":"

\nInvestment Used to Bring USB-C Multiprotocol Retimer Solution with USB4 Support to Market, Ongoing Development of Chord Signaling Technology, Glasswing SerDes IP
\n<\/h2>\n
\n

LAUSANNE, Switzerland, Nov. 17, 2020 (GLOBE NEWSWIRE) — Kandou<\/a>, an innovative leader in high-speed, energy-efficient, chip link solutions, today closed its Series C round of funding, resulting in $92.3 million raised in the round.<\/p>\n

Participants in the funding include both existing investors, led by Bessemer Venture Partners, and two new investors, Climb Ventures, and Swiss Select Opportunities managed by Flexstone Partners. The total investment in the Company to date is $132.8 million.<\/p>\n

Proceeds from Series C will be used to bring Kandou\u2019s first silicon product known as Matterhorn, a USB-C\u00ae multiprotocol retimer solution with support for USB4\u2122, to market to enable consumer and networking applications for electronic devices. Additionally, funds will be used for ongoing development of Chord\u2122 signaling technology and Glasswing\u2122 ultra-short reach (USR) SerDes intellectual property (IP).<\/p>\n

\u201cThis round of funding will enable us to meet growing customer demand for Matterhorn as we continue to innovate and deliver high-speed connectivity solutions,\u201d remarks Amin Shokrollahi, Founder and CEO of Kandou. \u201cWe thank Bessemer Venture Partners for its ongoing commitment to us and welcome investors Climb Ventures and Swiss Select Opportunities.\u201d<\/p>\n

\u201cIn my 41 years in venture capital, I haven\u2019t seen a semiconductor technology as fundamental as Kandou\u2019s proprietary inter- and intra-chip connected technology since the advances in microprocessors in the late 70s,\u201d says Felda Hardymon, Partner at Bessemer Venture Partners. \u201cIn 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.\u201d<\/p>\n

\u201cKandou is one of the most promising startups in the Swiss ecosystem,\u201d says\u00a0Dominique Pitteloud, Managing Partner at Climb Ventures.\u00a0\u201cUnder the leadership of Amin Shokrollahi, a true entrepreneur, Kandou\u2019s vision is to disrupt computing interconnect, with multiple deep innovations, in large existing markets.\u201d<\/p>\n

\u201cKandou is a perfect example of the type of Swiss based growing technology companies that the recently launched Swiss Select Opportunities program is aiming at supporting,\u201d says David Arcauz, Managing Partner at Flexstone Partners in Geneva.<\/p>\n

\n About Climb Ventures<\/strong>
\n
\n Climb Ventures<\/a>\u00a0is a noted Growth Ventures firm for Swiss and global digital transformation projects. Its investments range from emerging technologies, venture startups to late stage projects in digital services and consumer internet.<\/p>\n

\n About <\/strong>
\n Flexstone<\/strong>
\n Partners<\/strong>
\n
\n Flexstone<\/a>
\n Partners<\/a> (\u201cFlexstone\u201d), an affiliate of Natixis Investment Managers, is a leading investment solutions provider in private assets with a global reach and local footprints in New York, Paris, Geneva, and Singapore. It specializes in the selection of private equity, private debt, real estate, and infrastructure fund managers for investment by Flexstone\u2019s clients.<\/p>\n

\n About Bessemer Venture Partners <\/strong>
\n
\n Bessemer Venture Partners<\/a> is the world’s most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter and supports them through every stage of their growth. The firm has backed more than 120 IPOs, including Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, SendGrid, DocuSign, Wix, MindBody, and Fiverr. Bessemer’s 16 investing partners operate from offices in Silicon Valley, San Francisco, New York City, Boston, Israel, and India. Follow @BessemerVP<\/u><\/a> and learn more at bvp.com<\/u><\/a>.<\/p>\n

\n About Kandou<\/strong>
\n
\n Kandou<\/a>
\n ,<\/a> an innovative leader in high-speed, energy-efficient, chip-to-chip link solutions critical to the evolution of the electronics industry, is revolutionizing wired connectivity with greater speed and efficiency. It enables a better-connected world by offering disruptive technology through licensing and standard products for smaller, more energy efficient and cost-effective electronic devices.\u00a0Kandou has a strong IP portfolio that includes Chord\u2122 signaling adopted into industry specifications by JEDEC and the OIF. Kandou offers fundamental advances in interconnect technology that lower the power consumed and improve performance of chip links, unlocking new capabilities for customer devices and systems. Kandou is a fabless semiconductor company founded in 2011 and headquartered in Lausanne, Switzerland, with offices in Europe, North America and Asia.<\/p>\n

\n Connect with <\/strong>
\n Kandou<\/strong>
\n at:<\/strong>
\n
Website: www.kandou.com<\/a>
Linkedin: https:\/\/www.linkedin.com\/company\/kandou-bus-s-a-\/<\/a>
Twitter: @kandoubus<\/p>\n

\n Kandou acknowledges trademarks or registered trademarks of other organizations for their respective products and services.<\/em>\n <\/p>\n\n\n\n\n\n\n
For more information, contact:\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Jeff McGuire<\/td>\n\u00a0<\/td>\nNanette Collins<\/td>\n<\/tr>\n
VP Business Development at Kandou<\/a>\u00a0 \u00a0<\/td>\n\u00a0<\/td>\nPublic Relations for Kandou<\/a><\/td>\n<\/tr>\n
(303) 903-9244\u00a0<\/td>\n\u00a0<\/td>\n(617) 437-1822\u00a0 \u00a0 \u00a0<\/td>\n<\/tr>\n
\n jeff@kandou.com<\/a>\u00a0<\/td>\n\u00a0<\/td>\n\n nanette@nvc.com<\/a>\u00a0 \u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Investment Used to Bring USB-C Multiprotocol Retimer Solution with USB4 Support to Market, Ongoing Development of Chord Signaling Technology, Glasswing SerDes IP LAUSANNE, Switzerland, Nov. 17, 2020 (GLOBE NEWSWIRE) — Kandou, an innovative leader in high-speed, energy-efficient, chip link solutions, today closed its Series C round of funding, resulting in $92.3 million raised in the round. Participants in the funding include both existing investors, led by Bessemer Venture Partners, and two new investors, Climb Ventures, and Swiss Select Opportunities managed by Flexstone Partners. The total investment in the Company to date is $132.8 million. Proceeds from Series C will be used to bring Kandou\u2019s first silicon product known as Matterhorn, a USB-C\u00ae multiprotocol retimer solution with support for USB4\u2122, to … <\/p>\n

Continue reading “Kandou Raises $92.3 Million in Series C Funding”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383204","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKandou Raises $92.3 Million in Series C Funding - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kandou-raises-92-3-million-in-series-c-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kandou Raises $92.3 Million in Series C Funding - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Investment Used to Bring USB-C Multiprotocol Retimer Solution with USB4 Support to Market, Ongoing Development of Chord Signaling Technology, Glasswing SerDes IP LAUSANNE, Switzerland, Nov. 17, 2020 (GLOBE NEWSWIRE) — Kandou, an innovative leader in high-speed, energy-efficient, chip link solutions, today closed its Series C round of funding, resulting in $92.3 million raised in the round. Participants in the funding include both existing investors, led by Bessemer Venture Partners, and two new investors, Climb Ventures, and Swiss Select Opportunities managed by Flexstone Partners. The total investment in the Company to date is $132.8 million. 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