NORWAY - Proventure and Investinor back NOK 30m Numascale funding

The round sees the two investors contribute NOK 15m each, in return for equal stakes of 29% in the business. IT-entrepreneurs Svein Tunheim, founder of Chipcon, and Helge Risnes, founder of InfoCare, also participated in the round, alongside employees and existing shareholders.

Numascale, which spun out of Dolphin Interconnect Solutions ASA in July last year, has developed a technology aimed at integrating existing intellectual property in semiconductors. The NumaChip differentiates from other high-speed interconnect technologies in that it has shared memory and cache coherency mechanisms, which allow programs to access any memory location and any memory mapped I/O device in a multiprocessor system.

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• Topics
• Early-stage
• Nordics