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SCALINX takes strides in 5G communication infrastructures and radar markets with 10.5 million euro funding
powerelectronics.co.kr, Feb. 27, 2021 –
SCALINX, a fabless semiconductor company specialized in advanced signal conversion chips, has secured global financing of 10.5 million euros. The investment validates recent progress and will enable SCALINX to meet growing market demand, drive the technology into new markets, increase capacity to support new customers and further expanding its team. SCALINX aims to be a leading supplier for the French and European defense markets and a key player in the communications industry and the 5G wireless communication transformation.
The equity round is led by WaterStart Capital, an accelerator fund and investment firm from NCI and Normandie Participations, another venture capital fund, both specialized in financing highly innovative startups. The round also involves a group of top French banks private equity subsidiaries including BNP Paribas Développement (the investment arm of BNP Paribas), CEN Innovation (the investment arm of Caisse d'Epargne), and Unexo (the investment arm of Crédit Agricole). The round was coordinated by SE13 Advisors, a French independent advisory firm in Venture & Private Equity.
Hussein Fakhoury, SCALINX Founder and CEO says, "This investment not only validates what we have built so far but also enables us to continue pursuing our vision of becoming a key European supplier of high-speed data converters with wider bandwidth, lowest power consumption and higher integration level. This is an important milestone for the company, as this investment will give us the means to achieve our goals. We are excited about the tremendous endorsements we have received from our first customers and our new investors as we deliver the lowest power signal conversion solutions for some of the most demanding applications."
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