Kandou Closes $75 Million in Series D Funding
Investment Supports Ramp Production of USB Multiprotocol Retimer Solutions and Ongoing Development of Chord Signaling Technology
LAUSANNE, SWITZERLAND –– December 16, 2021 –– Kandou, an innovative leader in high-speed, energy-efficient chip-to-chip link solutions, today closed its Series D round of funding, resulting in $75 million raised in the round.
The total investment in Kandou to date is $207.8 million from new and existing investors.
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. We thank Bessemer Venture Partners for their ongoing commitment to us and welcome new Kandou investors participating in this round.
See the Press Release for full details.