# SiPearl funding: rounds and investors

> SiPearl has raised $119M across 2 rounds since 2023. Investors include EIC Accelerator, European Investment Bank and Cathay Venture.

Source: https://millionrounds.com/company/sipearl (Millionrounds; every figure on the page links to its filing or article)

France · [Series A startup](https://millionrounds.com/companies)

# Who invested in *SiPearl*

2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Hardware & Electronics Semiconductors

Funding summary Updated 26 Oct 2026

**$119M** raised across 2 rounds since 2023, from 2 sources

**$82M** Series A **$38M** Series A

- **Latest round:** Series A, $38M Jul 2025
- **Led by:** Cathay Venture
- **Biggest round:** $82M Series A · Apr 2023
- **Investors:** 6 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2024 2025

**$82M** Series A

**$38M** Series A

- **First round:** Series A, $82M
- **Biggest round:** $82M
- **Between rounds:** 2.3 years

## The rounds

- **Jul 2025** Series A **$38M** *4 new* *2 returning* [Cathay Venture](https://millionrounds.com/fund/cathay-venture) Lead [Accel](https://millionrounds.com/fund/accel) [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [ARM](https://millionrounds.com/fund/arm) [Atos SE](https://millionrounds.com/fund/atos-se) Reported by TechStartups
- **Apr 2023** Series A **$82M** *2 new* [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) Source recorded

## Founders and team

From SiPearl's own website: 1 founder, 7 on the team.

**Philippe Notton** CEO & Founder

- **Guillaume Etorre** Chief Operating Officer
- **Vincent Casillas** Chief Technology Officer
- **Ying-Chih Yang** Chief Scientist Officer
- **Craig Prunty** VP Strategic Development
- **Gael Paul** Senior VP Engineering
- **Cornelia Emmerlich** Group General Counsel
- **Matteo Tonelli** Country Manager Italy

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2023 **Series A** 2025 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [Cathay Venture](https://millionrounds.com/fund/cathay-venture) L [Accel](https://millionrounds.com/fund/accel) [ARM](https://millionrounds.com/fund/arm) [Atos SE](https://millionrounds.com/fund/atos-se)

## Everyone who backed them

[EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Government **2** rounds

[European Investment Bank](https://millionrounds.com/fund/european-investment-bank) Government **2** rounds

[Cathay Venture](https://millionrounds.com/fund/cathay-venture) VC firm **1** round, led 1

[Accel](https://millionrounds.com/fund/accel) VC firm **1** round

[ARM](https://millionrounds.com/fund/arm) VC firm **1** round

[Atos SE](https://millionrounds.com/fund/atos-se) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=sipearl).

## Quick answers about SiPearl

### Who invested in SiPearl?

SiPearl's investors include EIC Accelerator, European Investment Bank, Cathay Venture, Accel and ARM, and 1 more on record. Cathay Venture led its latest round.

### How much has SiPearl raised?

SiPearl has raised $119M across 2 rounds since 2023.

### When did SiPearl last raise?

SiPearl's most recent round was a Series A of $38M in Jul 2025, led by Cathay Venture.

### What was SiPearl's biggest round?

SiPearl's largest round on record is $82M (Series A), in Apr 2023.

### Who backed SiPearl first?

SiPearl's first round on record, in Apr 2023, was backed by EIC Accelerator and European Investment Bank.

### What stage is SiPearl at?

SiPearl's latest named round is a Series A, in Jul 2025.

### Where is SiPearl based?

SiPearl is based in France.

### Who led SiPearl's rounds?

Cathay Venture led the Series A in 2025.

## Companies like SiPearl

In the same sector, and raised in the last eighteen months.

[**Elax Energy** $34M · Oct 2026](https://millionrounds.com/company/elax-energy)[**Pigment** $483M · Oct 2026](https://millionrounds.com/company/pigment)[**Wiremind** $39M · Oct 2026](https://millionrounds.com/company/wiremind)[**Verso** $6.0M · Oct 2026](https://millionrounds.com/company/verso)[**Inbolt** $29M · Oct 2026](https://millionrounds.com/company/inbolt)[**Wealthcome** $25M · Sept 2026](https://millionrounds.com/company/wealthcome)

## Find investors like these

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