finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

SiPearl’s €90 Million Serie A Fundraising

SiPearl will use the newly raised funds to bring Rhea, its first product, to market in early 2024.

Posted: 3rd July 2023 by
Mark Palmer
Share this article

SiPearl’s €90 Million Serie A Fundraising

 

About the Deal

act Aston Avocats advised French microprocessor manufacturer SiPearl on the first round of its Series A funding.

 

Founded in 2019, SiPearl specialises in the development of energy-efficient high-performance computing (HPC) microprocessors. The firm has successfully raised €90 million in this first round of its Series A funding. Participants in the funding round included semiconductor design and silicon IP firm Arm and data and security specialist Atos Group through its Eviden business. The European Innovation Council (EIC) Fund and French Tech Souveraineté also contributed to the funding, which included up to €25 million of convertible debt from the European Investment Bank (EIB).

 

SiPearl will use the newly raised funds to bring Rhea, its first product, to market in early 2024. Rhea is an HPC-dedicated microprocessor designed to integrate with any third-party accelerator, such as GPUs, quantum processors and AI. Rhea’s energy-efficient data processing power is designed to address obstacles in research, security, energy management and many other fields. Funds will also be used to expand SiPearl’s R&D and production capabilities while scaling up its commercial operations, with more investors expected to join the funding round in 2023.

 

act Aston Avocats advised SiPearl with a team comprising associates Olivier Sanviti and Mariam Tourabaly. Orrick Herrington & Sutcliffe LLP also advised SiPearl, while EIC, EIB, Arm and Atos Group were advised by Bignon Lebray, Clifford Chance, Bird & Bird and Darrois Villey Maillot Brochier respectively. French Tech Souveraineté was advised by Degroux Brugère & Associés.

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram