Kalray, a Grenoble, France-based developer of high-performance, low-power manycore microprocessors, completed a $26m round of funding.
Backers included Safran, Through its subsidiary, Safran Ventures, and Pengpai, which joined ACE Management, CEA Investissement, EUREKAP! Héléa Financière and Inocap Gestion. A first tranche of $15m will be issued immediately and a second of $11m is scheduled for the end of 2017.
The company, which has raised over $65m in capital and public funding, intends to use the capital to accelerate the commercial exploitation of its current solutions and to launch the development of the MPPA® Coolidge, its 3rd generation of microprocessors, which is set to be released in 2018.
A Spin-off from the CEA in 2008 and led by Eric Baissus, CEO, Kalray is a fabless semiconductor company and developer of a new generation of processors – manycore processors – that offer extreme computing, low power consumption and low latency. Its innovative MPPA® (Massively Parallel Processor Array) architecture is used today in critical embedded technologies, like autonomous vehicles, and for acceleration in data centers.
This technology, protected by over 20 international patents, increases the processors’ real-time processing abilities while maintaining very low energy consumption.
Kalray now counts over 65 employees spread out over its home base in Grenoble, and its North American antenna in Los Altos, CA (USA).