About Adesto
Adesto is a Technology company based in Sunnyvale (United States) founded in 2007, and was acquired by Dialog Semiconductor in February 2020. It operates as an ultra-low-power CBRAM technology is developed for IoT and health applications. Adesto has raised $74.99 million across 15 funding rounds from investors including Applied Materials, X-FAB Semiconductor Foundries and Arch Venture Partners. Adesto has completed 2 acquisitions, including Echelon and S3semi. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Chips and Memory Chips. Its legal entity is ADESTO TECHNOLOGIES CORP. Its competitors include Samsung, d-Matrix, Avalanche Technology, Nimble Storage and Kioxia and 1 more; 3 of its 6 listed competitors have raised funding.
Company details
Adesto Technologies is a semiconductor company that develops next-generation ultra-low-power embedded non-volatile memory technology CBRAM (Conductive Bridge RAM). Their technology offers storage that typically a hundred times less than standard flash cells without sacrificing performance. Their storage solutions are resistant to threshold levels of gamma and electron beam sterilization allowing medical applications. They also license their technology as well. Their contract manufacturers include United Microelectronics Corporation, Altis Semiconductor S.N.C, Amkor Technology, Inc.
- Headquarters Sunnyvale, United States
- Stage Public
- SectorsTechnology
- Website adestotech.com
- Social LinkedIn
- Acquired by Dialog Semiconductor (Feb 2020)
- Legal Name Adesto Technologies Corp
- Annual Revenue$118.17 M (USD)42as on Dec 31, 2019
- Net Profit-$26.86 M (USD)-25as on Dec 31, 2019
- EBITDA-$15.62 M (USD)23as on Dec 31, 2019
- Total Equity Funding$74.99M (USD)
in 15 rounds
- Latest Funding Round$81M (USD), Post-IPO
Sep 2019
- InvestorsApplied Materials
& 8 more
- Investments & AcquisitionsEchelon
& 1 more
- Acquired byDialog Semiconductor
(Feb 2020)
Funding Insights of Adesto
Adesto has successfully raised a total of $74.99M across 15 strategic funding rounds. The most recent funding activity was a Post-IPO round of $81 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $74.99M
- Total Rounds 15
- Last Round Post-IPO — $81M
- First Round $6M
(Jun 2007)
- Investors Count 8
Latest 10 of 15 funding rounds of Adesto with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $81M | Post-IPO | – | – | – |
| Sep 2018 | – | Post-IPO | – | – | |
| Jul 2016 | $20M | Debt – Conventional | – | – | – |
| Aug 2013 | $12.39M | Series D | – | – | – |
| Jan 2013 | $5M | Debt – Conventional | – | – | – |
| Oct 2012 | $22.5M | Debt – Conventional | – | – | |
| Sep 2012 | $2.25M | Series D | – | – | – |
| Aug 2012 | $14M | Series D | – | – | – |
| Oct 2011 | – | Series C | – | – | |
| Jul 2011 | $17.36M | Series C | – | – | – |
9 investors in total: 9 institutional.
Investors in Adesto
Adesto has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Applied Materials, X-FAB Semiconductor Foundries and Arch Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private markets investment management with strategies in equity, credit, and secondary investments. | – | adamsstreetpartners.com | - | |
Seed and early-stage investments are made in US tech companies. | – | ataventures.com | San Francisco, United States | |
Venture capital firm focused on life science companies | 1986 | archventure.com | Chicago, United States | |
VC firm funding companies in the US | 1981 | 180degreecapital.com | Montclair, United States | |
Diversified investment management services are provided to institutional clients. | – | wellington.com | Boston, United States | |
Commercial bank | 2010 | opusbank.com | Irvine, United States | |
Materials engineering solutions are supplied for semiconductor and electronics industries. | 1967 | appliedmaterials.com | Santa Clara, United States | |
Analog/mixed-signal wafers are manufactured for automotive and industrial uses. | 1997 | xfab.com | Erfurt, Germany | |
Integrated mixed-signal circuits are manufactured for various applications. | 1981 | dialog-semiconductor.com | Kirchheim, France |
Investor details for Adesto
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People of Adesto
12 people are tracked at Adesto (11 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Dermot Barry | VP & GM, ASIC & IP Division | Leadership |
Gideon Intrater | CTO | Leadership |
Raphael Mehrbians | VP & GM, Memory Products Division | Leadership |
Tom Spade | VP, Worldwide Sales | Leadership |
Andy Lovit | VP, Worldwide Sales, Embedded Systems | Leadership |
Seyed Attaran | VP, Worldwide Operations | Leadership |
Chris Jodoin | VP & General Manager, Embedded Systems Division | Leadership |
Ron Shelton | CFO | Leadership |
David Aaron | VP & General Counsel | Leadership |
Narbeh Derhacobian | President & CEO | Leadership |
Janet Wang | VP, Business Development | Leadership |
Sohrab Modi | CSO | Team |
Complete people profiles for Adesto
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Investments & Acquisitions by Adesto
Adesto has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Echelon and S3semi.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
An open-standard embedded platform for IoT applications is provided. | echelon.com | Santa Clara, United States | 1988 | Jun 2018 | $45M | |
Limited information available | s3semi.com | Dublin, Ireland | 1986 | May 2018 | $35M |
Complete acquisition details for Adesto
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Timeline of Adesto
7 dated milestones of Adesto across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Adesto is founded.
- Funding First funding round of $6.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires S3semi.
- Acquisition Acquires Echelon.
- Funding Latest funding round, Post-IPO, of $81.0M.
- Exit Acquired by Dialog Semiconductor.
Competitors of Adesto
Adesto has 6 listed competitors in our database, 3 of them funded. They include Samsung, d-Matrix, Avalanche Technology, Nimble Storage and Kioxia, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| samsung.com | 1969 | Suwon-si, South Korea | – | 1,797 | Multi-category electronic products are manufactured globally by the company. | |
| d-matrix.ai | 2019 | Los Altos, United States | $450M | 66 | Digital in-memory compute engines are developed for efficient AI processing. | |
| avalanche-technology.com | 2006 | Fremont, United States | $189.52M | – | Non-volatile memory is developed using proprietary STT-MRAM technology. | |
| nimblestorage.com | 2007 | Houston, United States | $98.75M | 15,156 | Primary storage, backup, and disaster recovery solutions are delivered. | |
| kioxia.com | 2017 | Singapore | – | – | Memory solutions for computing devices are developed and supplied. | |
| phison.com | 2000 | Hsinchu, Taiwan | – | – | Provider of NAND flash controllers and SSD solutions |
Detailed competitors of Adesto
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Web traffic of Adesto
Websites that share an audience with Adesto (adestotech.com).
Websites whose visitors overlap most with Adesto. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hynix.com | hynix.com | 100% | – | – | – |
| spts.com | 99% | – | – | View details | |
| atmel.com | 98% | 23.5K | #1,469,329 | View details | |
| micron.com | 96% | 1.4M | #30,596 | View details | |
| coraid.com | 70% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Adesto
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- 8 similar websites
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Top companies in Industrial IoT & Smart Manufacturing
10 companies that operate in the same segment as Adesto (Industrial IoT & Smart Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 | |
Wireless security platform for IoT applications is provided. | 2015 | Palo Alto, California, United States | USD 1.17 B | – | – | |
Blockchain-based connectivity for IoT applications is facilitated. | 2017 | Menlo Park, California, United States | USD 50 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based smart locks for residential and commercial access are provided. | 2014 | New York, New York, United States | USD 152.78 M | USD 70.12 M | 266 | |
Keyless smart locks are developed for consumer and commercial applications. | 2015 | Singapore, Singapore | USD 32.28 M | – | – | |
Provider of cyber security solutions for asset visibility and threat management | 2000 | San Jose, California, United States | USD 120.28 M | USD 4.03 M | 1,330 | |
Mesh-based connectivity solutions for IoT applications are provided. | 2014 | San Francisco, California, United States | USD 90 M | – | – |
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Related news about Adesto
Complete news archive for Adesto
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Frequently Asked Questions about Adesto
Adesto was founded in 2007.
Adesto is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Adesto is a funded company, having raised a total of $74.99M across 15 funding rounds to date. The company's 1st funding round was a Series C of $17.36M, raised on Jun 2007.
Annual revenue of Adesto is $118.17M as on Dec 31, 2019.
Adesto Technologies is a semiconductor company that develops next-generation ultra-low-power embedded non-volatile memory technology CBRAM (Conductive Bridge RAM). Their technology offers storage that typically a hundred times less than standard flash cells without sacrificing performance. Their storage solutions are resistant to threshold levels of gamma and electron beam sterilization allowing medical applications. They also license their technology as well. Their contract manufacturers include United Microelectronics Corporation, Altis Semiconductor S.N.C, Amkor Technology, Inc.
Adesto's top competitors include Samsung, d-Matrix and Avalanche Technology.
Adesto has 9 investors. Key investors include Applied Materials, X-FAB Semiconductor Foundries, Arch Venture Partners, 180 Degree Capital, and Dialog Semiconductor.
Adesto operates through Adesto Technologies Corp.
Yes. Adesto was acquired by Dialog Semiconductor in February 2020.