Synchrotrons and modern FEL light sources operate with bunch repetition rates in the MHz range. The profile of the electron beam inside the accelerator can be characterized with indirect experimental techniques where linear array detectors are employed to measure the emitted synchrotron radiation or the spectrum of a near-IR laser. To improve the performance of modern beam diagnostics we have developed KALYPSO, a detector system operating with a continuous frame rate of up to 2.7 MHz. To facilitate the integration in different experiments, a modular architecture has been adopted. Different semiconductor micro-strip sensors can be connected to front-end ASICs to optimize the quantum efficiency at different photon energies, ranging from visible light up to near-IR. The front-end electronics are integrated within an heterogeneous DAQ consisting of FPGAs and GPUs, which allows scientists to implement real-time data processing algorithms. The current version of the detector is in operation at the KARA synchrotron light source and at the European XFEL. In this contribution we present the detector architecture, the performance results and the on-going technical developments.