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EIC Accelerator programme awards funding to SiPearl

SiPearl has been awarded a €2.5m grant and up to €15m in equity investments from the European Commission EIC Accelerator programme.

The programme is a competitive process that selects and supports start-ups and small companies to develop and expand breakthrough technologies and innovations.

With computing performance that surpasses 2,000,000 laptops, energy-efficiency halving power consumption of existing solutions and backdoor-free security, SiPearl microprocessors are able to process huge volumes of sensitive data in a fraction of a second.

These devices are seen as being instrumental in ensuring Europe’s technological sovereignty and helping to solve scientific, industrial and societal challenges such as medical research, energy management and climate change mitigation.

The EIC support is, according to SiPearl, a powerful accelerator in the development and scaling-up of its cutting-edge future-generation microprocessor.

Commenting Philippe Notton, the company's CEO and founder, said, “We are thrilled to have been selected by the EIC Accelerator programme which aims to bring Europe to the forefront of innovation and new technologies. This funding will help us to create sustainable economic and strategic value for Europe: economic value with 1,000 employees by 2025, and strategic value with a roadmap of high-performance and power-efficient microprocessors to restore Europe’s lead in supercomputing”.

Author
Neil Tyler

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