Kalray raises €47.7 million through IPO

Ten years after the company was founded, Kalray has raised €47.7 million through an IPO, giving the company the resources it will need to finance its projects for the coming years. The first priority will be technology development on Kalray’s third-generation manycore processor. The Coolidge processor is expected to be released in 2019 and will target two markets. First, the new processor will address the needs of data centers, where the arrival of flash memory has sent demand for processing power through the roof. It will also address the automotive industry, both for today’s feature-packed vehicles and the urgent need to combine many small processors into one, as well as for the cars of tomorrow. Three prototypes equipped with Kalray processors are already being tested worldwide.   With the increase in R&D (in part with Leti and List), Kalray will be hiring for its Grenoble and Sophia-Antipolis sites.

Contact: lhamon@kalray.eu

Read about Kalray’s founding in 2008: https://www.minatec.org/fr/debuts-prometteurs-pour-kalray/

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