The funds will be used to support the development of cutting-edge System-on-a-Chip (SoC) products and in expanding the company’s customer base.
Cumulative funding to date has reached €44.5m, and SCALINX is set to transition from specialised markets to broader market segments, solidifying its position in the design and supply of SoC solutions based on ultra-high-speed data converters, particularly needed in high-tech industries like 5G and 6G networks, and autonomous vehicles.
SCALINX new investors include the French State, through its “French Tech Souveraineté” fund program managed by Bpifrance (the French national investment bank), Go Capital, an independent management company, and Thales, a global leader in advanced technologies for Aerospace, Defense, Digital Identity & Security.
Previous investors joining this second round include NCI WaterStart Capital, an accelerator fund and investment firm, Normandie Participations, the investment fund of the Normandy Region, BNP Paribas Development (a private equity subsidiary of BNP Paribas bank), and Unexo (the investment arm of Crédit Agricole bank), as well as other private investors.
The funds will be used to expand business operations, with a particular focus on the Wireless Communication market in which SCALINX aims at developing new products and broadening its customer base.
New markets will be explored, notably in the automotive sector however, the company said that it would also continue to consolidate its position in historical markets by undertaking new projects in Space & Defence and launching a product family in Test & Measurement.
The business plan will be accompanied by a doubling of SCALINX headcount over the next 24 months and office space expansion to accommodate the growing workforce.
Commenting Hussein Fakhoury, SCALINX Founder and CEO, said, "This new investment round validates the interest of the Wireless Infrastructure market in our wideband, low-power data-conversion SCCORE technology. Our SoC product roadmap will empower telecom players to deliver ultra-high capacity, multi-gigabit links over longer distances, optimising Total Cost of Ownership (TCO) for microwave, millimetre-wave, and multi-band equipment. This investment marks a crucial milestone for our growth, and we are excited about the strong endorsements from new and existing stakeholders."
