SCALINX secures $37 million for SoC product development
Fabless semiconductor company SCALINX has concluded its second funding round, securing a global investment of €34 million (roughly $37 million). The notes that the funds will fuel the development of System-on-a-Chip (SoC) products and expand the company’s customer base.
With cumulative funding of €44.5 million (around $49 million) to date, SCALINX plans to transition from specialized markets to broader market segments, with the aim of solidifying its European position in the design and supply of SoC solutions based on data converters, particularly needed in 5G and 6G networks, and autonomous vehicles.
Hussein Fakhoury, SCALINX Founder and CEO, states: “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, optimizing Total Cost of Ownership (TCO) for microwave, millimeter-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.”
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.
“We are delighted to back SCALINX, whose expertise in highly integrated mixed-signal products is unique in Europe,” says Marion Aubry, Investment Director at Bpifrance.
“SCALINX has a proven track record in defense and aerospace, test and measurement, and communications, and we expect it to grow rapidly in these markets.”
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 company says that the proceeds 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.
Additionally, new markets will be explored, notably in the automotive sector. The company notes it will undertake new projects in Space & Defense, and launch a product family in Test & Measurement.
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