Kandou 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,” 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.”
DC Investment Partners is a private fund that invests in early- and growth-stage companies. It targets businesses that have strong leadership, demonstrated market acceptance and a competitive edge. Its goal is to leverage intellectual with financial capital to foster innovation.