French semiconductor startup Upmem Raises €7M for operations expansion

UPMEM accelerates 20x big data applications with its Processing In-Memory chips, solving the dominant cost of data movement and the Memory wall, at marginal cost and energy consumption. UPMEM solution readily integrates in app servers to offer the 1st efficient scalable programmable acceleration solution for data-intensive apps such as genomics, AI, anaytics, search, etc.

🚀 Launch


🏭 Industry



Fabrice Devaux, Gilles Hamou

💸 Funding & Investors

  • Investment (September 2023) : €7 million
  • Investors : €4.1 M equity from the European Innovation Council (EIC) Fund and Venture Capitalists (Partech, Western Digital Capital, C4 Ventures, etc.), and €2.5M grant from the EIC.

🎯 Funding purpose

Operations expansion and development.

🌐 Country HQ

France (Grenoble)

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