Ace Management et al. inject €5m into Kalray

Business angels and local industrial players also took part in this third round of funding.

Kalray had previously secured a €2.5m series-A round of funding from Ace, Rhône Alpes Création and CEA-Valorisation in 2009. In 2011, the company raised a second round totalling $7.8m.

Company
Founded in 2008, Kalray is a fabless semiconductor company developing many-core processors, as well as related software solutions, for high-performance applications. It targets fields such as image and signal processing, telecommunications, industrial automation, data security & networking, and transport.

Kalray reportedly plans to achieve a €4-5m turnover this year and a €100m turnover by 2017. The company's latest reported revenues were €300,000 in 2011. It employs 55 staff.

People
Thierry Letailleur and Julien Czajka are responsible for Kalray at Ace Management. Jean-Christophe Ménissier represented Inocap. Joël Monnier is the CEO and founder of Kalray.

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