Kalray SA (FR:ALKAL) has released an update.
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Kalray SA has secured a scalable €15 million debt financing deal with historical partner BNP Paribas to fuel its growth, particularly in AI and Generative AI markets, following a merger with Pliops. This non-dilutive financing will be adjusted based on the company’s performance over the next three years, demonstrating Kalray’s continued innovation in data-intensive and AI workflows. The deal underscores BNP Paribas’ commitment to supporting high-growth innovative companies in Europe.
For further insights into FR:ALKAL stock, check out TipRanks’ Stock Analysis page.
