Fabless semiconductor startup secures €34 million in funding

SCALINX, a French fabless semiconductor company known for its expertise in advanced mixed-signal chip design, has successfully completed its second funding round, raising €34 million.

This latest investment brings the company's total funding to €44.5 million, marking a crucial phase in its expansion from specialised to broader market segments. SCALINX's specialised System-on-a-Chip (SoC) products, essential in high-tech sectors like 5G and 6G networks and autonomous vehicles, are at the core of this growth.

“This new investment round validates the interest of the Wireless Infrastructure market in our wideband, low-power data-conversion SCCORE technology,” said Hussein Fakhoury, SCALINX Founder and CEO.

This funding round saw contributions from several key investors, including the French State through the ‘French Tech Souveraineté’ fund managed by Bpifrance, Go Capital, and Thales, a global technology leader. Existing investors like NCI WaterStart Capital, Normandie Participations, BNP Paribas Development, Unexo, and other private investors also participated.

The fresh capital will enable SCALINX to expand its operations, particularly in the Wireless Communication market, develop new products, and extend its customer reach. Additionally, the company plans to explore opportunities in the Automotive sector while continuing to strengthen its presence in Space and Defence and launching new products in Test and Measurement. This expansion is supported by plans to double the company's workforce in the next 24 months and increase office space.

Hussein Fakhoury, SCALINX's Founder and CEO, commented on the funding: "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."

Marion Aubry, Investment Director at Bpifrance, adds: "We are delighted to back SCALINX, whose expertise in highly integrated mixed-signal products is unique in Europe. SCALINX has a proven track record in defence and aerospace, test and measurement, and communications, and we expect it to grow rapidly in these markets.”

Bruno Dizengremel, Venture Partner from GO Capital, added: “We are proud to materialise our financial support and contribute our experience in semiconductors to SCALINX, a team that has demonstrated its global leadership in the field of high-speed Data-Converters Integrated Circuits design. Furthermore, having internationally recognised design teams, SCALINX perfectly meets the strategy of our new OV4 investment fund to support ambitious deep tech projects in our territories.”

Philippe Keryer, Thales Executive Vice President, Strategy, Research & Technology, also remarked: “We are pleased to support the next development round of SCALINX, a long-time valued technology partner for Thales. This investment will enable the France-based deep tech startup to further scale its Integrated Circuits design activity, strategic for European sovereignty, especially in defence and space markets in which Thales has a strong stake.”