Set to Launch Game-Changing Multicore DSP IP to Power 5G Wireless Networks
PARIS –– January 16, 2018 –– VSORA, an entrepreneurial startup set to deliver digital signal processing (DSP) intellectual property (IP) for 5G wireless networks, today announced it closed Series A financing from leading venture capital firms Omnes Capital and Partech Ventures and angel investors.
The $1.7 million investment will be used to expand VSORA’s R&D and build sales channels in the United States and Asia.
VSORA was founded in 2015 by DSP engineers from the former DiBcom, now part of Parrot. Its DSP design process will target wireless mobile applications and boost DSP computing power, optimize power consumption and system performance, and reduce the silicon footprint.
“This investment comes at a critical juncture in the world of telecommunications,” notes Khaled Maalej, VSORA’s chief executive officer. “With the coming 5G mobile standard, traditional DSP technology will run out of steam on multiple levels. Our aim is to become the reference point for state-of-the-art DSP applications.”
“As a former investor in DiBcom, this operation shows our commitment to serial entrepreneurs we backed in their previous ventures,” says Marc Gasser, an Omnes Capital analyst. “With this new deal, we sign another investment in the silicon IP area where our deep tech expertise is an asset. VSORA’s technology has the potential to revolutionize DSP architectures, transform the design and implementation processes, and ultimately enhance go-to-market strategies. VSORA’s founding team has the ability to become a major player in the silicon industry.”
“VSORA’s solution will have a transformative impact on the performance of DSP chips,” adds Boris Golden, principal at Partech Ventures. “We believe that VSORA will become a strategic enabler of all 5G communications in the near future. And we are convinced that it will grow quickly and become a winner in the IP industry.”
About Partech Ventures:
Founded in 1982 in Silicon Valley, Partech Ventures is a global investment firm with a team spread across offices in Paris, Berlin and San Francisco. Most Partners have been entrepreneurs themselves or have held management positions within tech companies. The partnership acts and invests as a single team, helping entrepreneurs build fast-growing tech and digital companies addressing large markets across multiple continents. Partech Ventures partners with entrepreneurs at the seed (Partech Entrepreneur), venture (Partech International) and/or growth (Partech Growth) stages. Companies backed by Partech Ventures have completed 21 initial public offerings and more than 50 major M&A transactions with leading international companies. Since 2012, the team has built a pioneering business development platform fostering synergies and business relationships between entrepreneurs and strategic partners.
About Omnes Capital:
Omnes Capital is a major player in private equity and infrastructure. With €3.6 billion in assets under management, Omnes Capital provides companies with the capital needed to finance their growth and with key expertise in a number of areas: Buyout & Growth Capital, Venture Capital, and Infrastructure. With 30 corporate sales, including more than 10 IPOs over the last 18 years, the Venture Capital team at Omnes Capital is one of the major players in France financing innovative SMEs, with dual expertise in the deep-tech and health sectors. Omnes Capital was a subsidiary of Crédit Agricole until March 2012. The firm is now 100% employee owned. Omnes Capital is a signatory of the United Nations Principles for Responsible Investment (PRI). For more information, visit:
www.omnescapital.com
Contacts:
Germany: Julia Tenner
+49 171 2693522
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Sonia Rehill
+44 (0)7968 747331
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Stéphanie Rhumeur
+1 41 581 28452
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Omnes Press contacts:
Gaëlle de Montoussé
+33 1 80 48 79 16
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Monolith Partners:
Nicolas Ruscher
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