[1] XMOS was founded in July 2005 by Ali Dixon, James Foster, Noel Hurley, David May, and Hitesh Mehta.

[5] It also has strategic investors Robert Bosch Venture Capital GmbH, Huawei Technologies, and Xilinx Inc, which in 2014 invested $26.2 million.

[6] Additionally, they received an investment through the sale of 22.3% of the Company's shares to Prelude Trust plc of Cambridge.

[8] In July 2017, XMOS acquired SETEM,[9][10] a company that specialises in audio algorithms for source separation.

[11][12] In 2019, XMOS raised $19 million in funding from Harbert European Growth Capital and existing investors.