SCALINX, the French fabless mixed signal specialist, has raised €34 million in its second funding round.

With cumulative funding of €44.5 million to date, SCALINX is poised to transition from specialised markets to broader market segments based on ultra-high-speed data converters.

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New investors include the French State, through its “French Tech Souveraineté” fund program managed by Bpifrance (the French national investment bank), Go Capital, an independent management company, and Thales.

Previous investors joining this second round include NCI WaterStart Capital, an accelerator fund and investment firm, Normandie Participations, the investment fund of the Normandy Region, BNP Paribas Development (a private equity subsidiary of BNP Paribas bank), and Unexo (the investment arm of Crédit Agricole bank), as well as other private investors.

The proceeds will be used to expand business operations, with a particular focus on the Wireless Communication market in which SCALINX aims at developing new products and broadening its customer base.

New markets will be explored, notably in the Automotive sector. The company will continue to consolidate its position in historical markets by undertaking new projects in Space & Defense and launching a product family in Test & Measurement.

The business plan will be accompanied by a doubling of SCALINX headcount over the next 24 months and office space expansion to accommodate the growing workforce.

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