These companies have contributed to the second tranche of a €26.3 million (about $31.5 million) funding round agreed in June 2017 (see Kalray gains Chinese backing in $26 million funding round).
The second tranche was originally intended to be delivered by the end of 2017 through Safran Corporate Ventures, Asian investment fund Pengpai, and the long-standing shareholders ACE Management, CEA Investissement, EUREKAP! and Inocap Gestion. Pengpai is a France-based venture capital fund that directs Chinese investment towards European technology-based companies with growth potential in Asia.
Since its spin-off from CEA-Leti in 2008, Kalray has developed a series of massively parallel many-core processors for use in data centers, networking and in embedded applications although high volume applications appear to have been hard to find. The company has now decided to focus on datacenter and intelligent vehicle applications.
The company said the latest funding round it intended to enable deployment of the existing Coolidge processor – Kalray's third generation and one that actively supports machine learning – and the final development of a next-generation processor, scheduled to be launched in 2019.
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