Alliance Ventures et al. invest €10m in Kalray

The new round of funding sees new investors Alliance Ventures, the venture capital fund of Renault-Nissan-Mitsubishi, and BPI France joining existing shareholders.

BPI France used its Definvest vehicle, the investment fund managed on behalf of the French Ministry of the Armed Forces, for the transaction.

The latest round of funding adds to the $65m already received in private capital and public funding, and will help the commercial deployment of the company's existing processor product, and the final development of its new generation, to be launched in 2019.

Previous funding
In June 2017, Safran Corporate Ventures structured a €23.6m funding round for Kalray, along with previous investors, including CEA Investissement, Eurekap, Héléa Financière, Inocap Gestion and Ace Management, in addition to a new Asian investor, the Pengpai investment fund.

Company
Founded in 2008 as a spin-out from the French Atomic Energy Commission (commissariat à l'énergie atomique et aux énergies alternatives), Kalray is a fabless semiconductor company that develops processors that aim to deliver high computing power, low power consumption and low latency. Based in Grenoble, France, the company has an additional office in California.

People
Kalray – Eric Baissus (president, CEO).
BPI France – Nicolas Dufourcq (CEO).

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• Topics
• Early-stage
• France
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• France
• Alliance Venture
• BPI France
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