When was Nallatech founded?

Nallatech was founded in 1993 and raised its 1st funding round 7 years after it was founded.

Where is Nallatech located?

Nallatech is headquartered in Glasgow, United Kingdom.

Is Nallatech a funded company?

Nallatech is a funded company, having raised a total of $11.6M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2000.

When was the latest funding round of Nallatech?

Nallatech's latest funding was a $***** Grant (prize money) round on Dec 01, 2015, with participation from 1 investor. Its primary sector is Digital ICs. In United Kingdom, the Digital ICs sector has seen $273M in funding in 2026 to date.

Where does Nallatech rank among its competitors?

Nallatech ranks 7th amongst 19 active competitors, of which 10 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Cornami, which secured $1.4M in Jul, 2025.

Who are the top competitors of Nallatech?

Nallatech's top competitors include Cornami, UPMEM and Skychips. Among them, Cornami secured the most recent funding round in July, 2025.

Nallatech - 2026 Company Profile, Funding & Competitors

Nallatech is an acquired company based in Glasgow (United Kingdom), founded in 1993. It operates as a FPGA accelerated computing solutions. Nallatech has raised $11.6M in funding. The company has 19 active competitors, including 10 funded and 2 that have exited. Its top competitors include companies like Cornami, UPMEM and Skychips.

Company Details

Nallatech provides hardware, software and design solutions for high performance computing, network processing, and real-time embedded computing. It uses FPGAs to provide accelerated processing much faster than traditional architecture solutions used for defense applications like SDR and unmanned systems. The company was acquired by Interconnect Solutions in 2008 which was then acquired by Molex in 2016.

Key Metrics

Founded Year

1993

Location

Glasgow, United Kingdom

Stage

Acquired

Total Funding

$11.6M in 4 rounds

Latest Funding Round

Grant (prize money), Dec 01, 2015, $*****

Investors

Western Alliance Bank & 4 more

Ranked

7^th among 19 active competitors

Similar Companies

Cornami & 23 more

Exit Details

Acquired by ISI (Jun 01, 2008)

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Nallatech got acquired by ISI on Jun 01, 2008.

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Nallatech has raised a total funding of $11.6M over 4 rounds. Its first funding round was on 2000. Its latest funding round was a Grant (prize money) round on Dec 01, 2015 for $*****. 1 investor participated in its latest round. Nallatech has 5 institutional investors.

Here is the list of recent funding rounds of Nallatech:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 01, 2015	8326859	Grant (prize money)	8228364	8039571	4793486	6794513
Feb 13, 2006	4028507	Series B	4297581	6348426	7121467	ETV Capital & 1 more
Jan 05, 2004	3248598	Series B	7767395	1829422	4652378	3i Group & 1 more

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Top competitors of Nallatech include Cornami, UPMEM and Skychips. Here is the list of Top 10 competitors of Nallatech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cornami 2012, Santa Clara (United States), Series D	Provider of AI-powered microprocessors for parallel computing applications	$212M	SoftBank Vision Fund, Applied Materials & 10 others	58/100
2nd	UPMEM 2015, Grenoble (France), Series B	Processing units embedded in DRAM for data intensive applications	$7.98M	C4 Ventures, EIC Fund & 7 others	45/100
3rd	Skychips 2019, Suwon-si (South Korea), Series A	Provider of AI-based chips for applications	$1.67M	C&Venture Partners, SoluM & 5 others	38/100
4th	Adapteva 2008, Lexington (United States), Series B	Designiner and developer of chips for parallel computing	$4.58M	Viola Group, Ericsson	36/100
5th	Recore Systems 2005, Enschede (Netherlands), Deadpooled	Developer of multi-core processor subsystems for data analytics	$5M	Innovation Industries, Oost NL & 3 others	35/100
6th	Denglin Technology 2017, Shanghai (China), Series C	High-performance computing processor chips provider	-	China Internet Investment Fund, Genesis Capital ... & 5 others	35/100
7th	Nallatech 1993, Glasgow (United Kingdom), Acquired	FPGA accelerated computing solutions	$11.6M	Western Alliance Bank, ETV Capital & 3 others	35/100
8th	Stream Processors 2004, Sunnyvale (United States), Deadpooled	stream processing architecture and parallel processors for embedded markets	$26M	Woodside Fund, Pinnacle Ventures & 2 others	34/100
9th	AzurEngine 2016, San Diego (United States), Series A	Developer of a reconfigurable parallel processor	-	Ferry Venture Capital	30/100
10th	Numeric Systems 2016, Munich (Germany), Funding Raised	Parallel computing processors	-	EIC Fund, Europa	29/100