The funding will support Menta’s growth and technological development in a fast-growing sector and is intended to make it possible to speed up the commercialisation of its products and services. The funding will also support the creation of more than 40 FTE posts in the European Union, in particular highly-qualified R&D and sales jobs.
Menta is a specialist in eFPGA technology, which are integrated circuits composed of a network of programmable cells used for “Systems on a Chip” (SoC), bringing together all components of a computer on a single chip.
Menta is the only player in the semiconductor industry to offer the revolutionary “soft IP” eFPGA technology which offers engineers a more flexible, secure, high-performance and low-energy technology. They are being adopted by artificial intelligence applications with substantial processing power and energy efficiency demands and whose algorithms are constantly evolving.
At a time when the supply chains of components are very heavily disrupted, Europe is looking to relocate part of the semiconductor production industry to its territory and the technologies and solutions developed by Menta are seen as giving Europe an opportunity to take a leading position it what is a strategic sector and create a genuine European microchip supply chain.
The loan totals €7.5 million, and has been divided into two tranches of €3.75 million.
“The funding provided by the European Investment Bank is a critical step for Menta,” said Menta CEO Vincent Markus. “Against the backdrop of considerable industrial tension globally, which is weighing on the production capacity of many sectors, this operation validates our industrial model and will enable us to accelerate our development. I wish to thank all stakeholders who contributed to its achievement.”
