A French player specializing in high-performance computing processors announces that the fundraising will allow it to develop next-generation chips.
The French nugget, created in 2008, is developing a new type of processor, called a DPU for data processing unit, for massively parallel processing. Enough to process large amounts of data in real time.
Its product portfolio also includes acceleration cards, storage and data management software solutions for data centers.
“A major contract with a world leader in high technology”
Eric Beissus, Chairman of the Board of Kalray, assures in a press release that this fundraising “will allow (…) us to continue our growth to become a global leader, in particular by hiring new employees and investing in our next generation of processors.”
The fundraising will allow the Company to obtain additional resources to support its strategic roadmap in two areas:
- Strengthening the leading team in key positions, especially at the international level, to support the high growth ambitions of the Company (sales, sales support, management team) (approximately 20% of funds raised).
- Continued investment in next-generation processors scheduled for production in 2025 to continue to address key technology challenges in their markets (approximately 80% fundraising).
Prior to the fundraising, based on expected operating income and expenses, the company assumed that it would be able to finance its operations for at least 12 months.
On November 14, Kalray announced that it had signed a “major contract with a NASDAQ-listed global technology leader.” “This major contract was signed with an American player listed on NASDAQ, a major player in the industry, with a turnover of several tens of billions of dollars in 2021 with a market capitalization of more than one hundred billion dollars,” the source clarified. founder.
The following day, November 15, Kalray solutions were showcased at the Dell Technologies booth at SC22 (Super Computing 22) in Dallas, Texas.