Company:Adesto Technologies
 Logo as of 2014 | |
_-_New_signage_in_front.jpg) Exterior of Adesto Technologies headquarters | |
| Type | Public |
|---|---|
| NASDAQ: IOTS | |
| Industry | |
| Founded | 2006 |
| Headquarters | Santa Clara, California, U.S. |
Area served | Worldwide |
Key people | |
| Products | |
| Revenue |  US$ 83.49 million (2018) |
 US$ -11.26 million (2018) | |
| US$ -21.44 million (2018) | |
| Total assets | US$ 137.19 million (2018) |
| Total equity | US$ 62.74 million (2018) |
Number of employees | 265[1] |
| Parent | Dialog Semiconductor |
Adesto Technologies Corporation was an American corporation founded in 2006 and based in Santa Clara, California.[2] The company provided application-specific integrated circuits (ASICs) and embedded systems for the Internet of Things (IoT),[3][4] and sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that manufacture products for its end customers.[5][6] In 2020, Adesto was bought by Dialog Semiconductor.[7]
History
Adesto Technologies was founded by Narbeh Derhacobian, Shane Hollmer, and Ishai Naveh in 2006.[8][9] Derhacobian formerly served in senior technical and managerial roles at AMD, Virage Logic, and Cswitch Corporations.[2] The company developed a non-volatile memory based on the movement of copper ions in a programmable metallization cell technology licensed from Axon Technologies Corp., a spinoff of Arizona State University.[10][11]
In October 2010, Adesto acquired intellectual property and patents related to Conductive Bridging Random Access Memory (CBRAM) technology from Qimonda AG, and their first CBRAM product began production in 2011.[12]
In 2015, the company held an initial public offering under the symbol IOTS, which entered the market at $5 per share. Underwriters included Needham & Company, Oppenheimer & Co. Inc., and Roth Capital Partners.[13][14] The entire offering was valued at $28.75 million.[14]
Between May and September 2018, Adesto completed two acquisitions of S3 Semiconductors and Echelon Corporation. In May, the company acquired S3 Semiconductors, a provider of analog and mixed-signal ASICs and Intellectual Property (IP) cores.[3] In June, the company announced its intention to buy Echelon Corporation, a home and industrial automation company, for $45 million.[14] The acquisition was completed three months later.[15] The company's offerings were expanded to include ASICs and IP from S3 Semiconductors and embedded systems from Echelon Corporation,[16] in addition to its original non-volatile memory (NVM) products.[17]
In 2018 Adesto started a cooperation with the University of California San Diego in order to explore the possibility for calculations to be made directly in the memory.[18]
In 2020, Adesto was acquired by Dialog Semiconductor, a company headquartered in Reading, United Kingdom, for $500 million.[7]
References
- ↑ "Adesto Technologies Corporation (IOTS) Company Profile & Facts" (in en-US). https://finance.yahoo.com/quote/IOTS/profile/.
- ↑ 2.0 2.1 "Company Overview of Adesto Technologies Corporation". July 26, 2018. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=34277996.
- ↑ 3.0 3.1 "Adesto buys Dublin-based S3 Semiconductor" (in en). EETE Analog. 2018-05-10. http://www.eenewsanalog.com/news/adesto-buys-dublin-based-s3-semiconductor.
- ↑ "Adesto Buys Echelon in Industrial Internet of Things Play". 2018-07-06. https://www.sourcetoday.com/manufacturer-news/adesto-buys-echelon-industrial-internet-things-play.
- ↑ Clarke, Peter (July 15, 2014). "EE Times Silicon 60: Hot Startups to Watch". https://www.eetimes.com/document.asp?doc_id=1323068.
- ↑ Tilley, Aaron. "Adesto Is Making Low-Power Memory Chips For The Tiny Computers That Go Into Everything" (in en). Forbes. https://www.forbes.com/sites/aarontilley/2014/11/10/adesto-low-power-memory/#5437f1a02cef.
- ↑ 7.0 7.1 Dahad, Nitin (24 February 2020). "Dialog to Acquire Adesto for $500M to Access IIoT Market". https://www.eetimes.com/dialog-to-acquire-adesto-for-500m-to-access-iiot-market/.
- ↑ Schubarth, Cromwell (October 27, 2015). "Sunnyvale chipmaker raises just $25M in first of 2 Silicon Valley IPOs expected this week". https://www.bizjournals.com/sanjose/blog/techflash/2015/10/sunnyvale-chipmaker-raises-just-25m-in-first-of-2.html.
- ↑ "Adesto Technologies Corp (IOTS.PH)". 10 December 2018. https://www.reuters.com/finance/stocks/company-officers/IOTS.PH.
- ↑ "Axon Technologies Corp. Announces Infineon as New Licensee of Programmable Metallization Cell Nonvolatile Memory Technology". https://www.design-reuse.com/news/8739/axon-infineon-licensee-programmable-metallization-cell-nonvolatile-memory-technology.html.
- ↑ "ASU technology spinoff licenses new memory technology - Full Circle" (in en-US). Full Circle. 2004-10-06. https://fullcircle.asu.edu/faculty/asu-technology-spinoff-licenses-new-memory-technology/.
- ↑ "The Linley Group - Adesto Targets IoT Using CBRAM" (in en). http://www.linleygroup.com/newsletters/newsletter_detail.php?num=5476.
- ↑ "ADESTO TECHNOLOGIES CORPORATION". https://www.nasdaq.com/markets/ipos/filing.ashx?filingid=10910472.
- ↑ 14.0 14.1 14.2 Lange, Chris (27 October 2015). "Adesto Technologies Quietly Enters the Market With IPO" (in en). https://247wallst.com/technology-3/2015/10/27/adesto-technologies-quietly-enters-the-market-with-ipo/.
- ↑ "Company Overview of Echelon Corporation". 12 December 2018. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=27868.
- ↑ "Adesto Tech Buys Irish ASIC Vendor S3". eetimes.com. 2018-11-05. https://www.eetimes.com/adesto-tech-buys-irish-asic-vendor-s3.
- ↑ "Adesto Releases New Low-Power Flash Memory Devices Targeted at Wearable Applications and the IoT". allaboutcircuits.com. 2019-03-03. https://www.allaboutcircuits.com/news/adesto-ultra-low-power-flash-memory-devices-wearable-applications-IoT/.
- ↑ "Hardware-software co-design approach could make neural networks less power hungry". eurekalert.org. 2018-12-19. https://www.eurekalert.org/news-releases/642699.
External links
 |  |
