Scalinx to get €10.5 million in funding from WaterStart Capital and Normandie Participations.

Scalinx, a Paris, France-headquartered fabless semiconductor company, announced completing a €10.5 million ($12.6M) equity funding round.

The equity capital was raised from investors led by WaterStart Capital and Normandie Participations and also involves a group of top French banks private equity subsidiaries including BNP Paribas Développement (the investment arm of BNP Paribas), CEN Innovation (the investment arm of Caisse d’Epargne), and Unexo (the investment arm of Crédit Agricole).

Scalinx, founded in 2015 by CEO Hussein Fakhoury, designs and produces silicon solutions enabling wideband and low power signal conversion in applications such as wired and wireless communications, test & measurement equipment, and radar.

The company aims to be a leading supplier for the French and European defense markets and a key player in the communications industry and the 5G wireless communication transformation.