HCL Technologies, a Texas-based semiconductor company, announced a new round of financing on Wednesday.
The company, founded in 2003, is focused on the development of new products for high-end PC, server, and IoT markets.
The $50 million round, led by Fidelity Investments, will be used to fund the company’s expansion into the mobile computing space, Exro said in a statement.
The funding is Exro’s first outside of North America.
Exro has raised over $150 million in funding from investors including Benchmark Capital, TPG, and Fidelity, which had also backed the company before.
The new funding is a boost for Exro, which was founded by three ex-military veterans: David Smith, the former vice president of business development at Intel, and Steve Miller, who previously headed up the company in its infancy.
The team behind Exro are looking to continue expanding its products in the PC and server markets.
Exocase, the company Exro acquired in April, has grown to over 40 employees and is in a position to ramp up production of its chip technology.
The Exro chip is used in chips that power the exoskeletons used in the military and in military vehicles.
Exo’s new chips are aimed at powering the next generation of connected devices, including wearables, smartwatches, and wearables for the military.
Exoskelets can be used in various applications, including automotive, consumer electronics, security, and healthcare.
The chip has become popular among developers in the past year because it offers low power consumption, low-power consumption and low power cost.
The first Exo chips are expected to hit the market later this year, according to the company.