
SiPearl: Final closing of €130m Series A with Cathay Venture from Taiwan, EIC Fund and France 2030
SiPearl, the company building European high-performance energy-efficient processors for supercomputing and AI, announced the definitive closing of its €130m Series A financing round with a third and last tranche of €32m.
Seed funded by the European Union, SiPearl was launched in January 2020 under the auspices of the European Processor Initiative (EPI) consortium which aims to foster the return of high-performance energy-efficient processor technologies in Europe. Since then, the company has fulfilled its mission by building a world-class processor team of 200 employees in France, Spain, and Italy, set up its own sovereign infrastructure with data centres in northern France equipped with servers and emulators dedicated to semiconductor design. SiPearl has completed the conception of the most complex processor ever designed in Europe, Rhea1. With 80 Arm Neoverse V1 cores, Rhea1 is composed of more than 61 billion transistors. Several weeks ago, it taped-out and was handed off to the world’s leading independent foundry, TSMC in Taïwan, for start of manufacturing.
Rhea1 will be available for sampling in early 2026. It is supported by a wide range of compilers, libraries and tools, from traditional programming languages such as C/C++, GO and RUST to modern AI frameworks such as TensorFlow and PyTorch. Rhea1 is perfectly suited to traditional HPC workloads - its initial target market - and AI inference workloads. Thanks to both the generous memory capacity and high bandwidth in-package memory (HBM), it will deliver extraordinary performance and energy-efficiency with an unrivalled byte-per-flop ratio.
Rhea1 will equip the CPU cluster of JUPITER, the first European exascale supercomputer which is owned by EuroHPC JU and operated by Jülich Supercomputing Centre (Germany). It will also be a key component of iconic European collaborative projects such as Aero, OpenCUBE, HIGHER and Riser to promote the emergence of a sovereign European cloud, and Excellerat, MAX, ODISSEE, and Plasma-PEPSC to run simulation applications in strategic fields such as engineering, materials, dark matter, plasma.
Thus, SiPearl first family of products will help ensure the future of Europe’s technological sovereignty, independence, and competitiveness.
About SiPearl | https://sipearl.com/
SiPearl is building European high-performance energy-efficient processors dedicated to HPC and AI. This new generation of processors first targets EuroHPC Joint Undertaking ecosystem, which is deploying world-class supercomputing infrastructures in Europe for solving strategic challenges in security, defense, generative AI, medical research, energy management and climate with a reduced environmental footprint.
SiPearl is working in close collaboration with its 30 partners from the European Processor Initiative (EPI) consortium- leading names from the scientific community, supercomputing centers and industry – which are its stakeholders, future clients and end-users.
Seed funded by the European Union, the company employs 200 people. Currently in production at TSMC in Taïwan, Rhea1, its first family of processors, will be available in early 2026. It will equip the CPU cluster of JUPITER, the first European exascale supercomputer which is owned by EuroHPC and operated by Jülich Supercomputing Centre.
About Cathay Venture | https://www.cathayholdings.com/en/holdings/cathayventure
Founded in April 2003, Cathay Venture Inc. is a venture capital under Cathay Financial Holding Co., Ltd (Cathay FHC), one of the largest financial services groups in asset size in Taiwan. Cathay Venture Inc. is a company organized under the laws of Taiwan, having its registered office located in Taipei, Taiwan.
Cathay Venture Inc. is an Evergreen Fund with flexible mandate that allows it to invest in seed, growth and/or late stage companies. It focuses on investing in companies in Biomedical, Semiconductor, AI, LEO and other verticals with growth potential. Beyond capital, it is also committed to strategically building its portfolio to foster synergy among its investments to help each company reach full potential.