on KALRAY (EPA:ALKAL)
Kalray secures non-dilutive bank financing of €15 million to support its growth
Kalray, leader in intensive data management and processing technologies, announces scalable financing of up to €15 million over 3 years. This credit was structured in collaboration with BNP Paribas, a long-standing partner of the company.
This funding aims to support Kalray's growth ambitions, particularly in artificial intelligence (AI) and generative AI. The loan will be adjusted regularly according to the company's financial performance and supported by a proprietary data analysis platform.
Kalray CEO Eric Baissus thanked BNP Paribas for its continued support. Christopher Kramme, head of Growth Solutions at BNP Paribas, and Pierre Laforge, senior banker, both expressed their enthusiasm and confidence in Kalray's ability to innovate and grow.
R. H.
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