SCALINX Secures €34m in Second Funding Round

SCALINX, the French fabless mixed signal specialist, has recently completed its second funding round, raising an impressive €34 million. This brings the company's total funding to €44.5 million, positioning SCALINX to expand its presence in the market and target new segments.

The funding round attracted new investors, including the French State through its "French Tech Souveraineté" fund program managed by Bpifrance, Go Capital, an independent management company, and Thales. Additionally, previous investors such as NCI WaterStart Capital, Normandie Participations, BNP Paribas Development, and Unexo also participated in this round.

The funds raised will be utilized to support SCALINX's business operations, with a specific focus on the Wireless Communication market. The company aims to develop new products and expand its customer base in this sector. Furthermore, SCALINX plans to explore new markets, particularly in the Automotive sector. The company also intends to strengthen its position in historical markets by undertaking new projects in Space & Defense and launching a product family in Test & Measurement.

As part of its growth strategy, SCALINX plans to double its headcount over the next 24 months and expand its office space to accommodate the growing workforce. This expansion will enable the company to meet the increasing demand for its innovative solutions.

CEO Hussein Fakhoury expressed his excitement about the recent investment round, stating, "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."