About Allegro MicroSystems
Allegro MicroSystems is a company based in Worcester (United States) founded in 1990 was acquired by K1 Investment Management in June 2016. Allegro MicroSystems has raised $291 million across 2 funding rounds from investors including Cisco, HHS and One Equity Partners. The company has 4,059 employees as of March 31, 2024. Allegro MicroSystems has completed 4 acquisitions, including Allegro MicroSystems, Allegro MicroSystems and Crocus Technology. Allegro MicroSystems operates in a competitive market with competitors including Transphorm, Paragraf, Power Integrations, Crocus Technology and Micrel, among others.
- Headquarter Worcester, United States
- Employees 4059 as on 31 Mar, 2024
- Stage Public
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Allegro Microsystems, Inc.
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Annual Revenue
$725.01 M (USD)-30.91as on Mar 31, 2024
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Net Profit
-$73.01 M (USD)-147.81as on Mar 31, 2024
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EBITDA
$44.7 M (USD)-84.08as on Mar 31, 2024
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Total Equity Funding
$291 M (USD)
in 2 rounds
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Latest Funding Round
$291 M (USD), Private Equity Round
Oct 03, 2017
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Investors
Cisco
& 3 more
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Employee Count
4059
as on Mar 31, 2024
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Investments & Acquisitions
Allegro MicroSystems
& 3 more
- Acquired by
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IPO & Listings of Allegro MicroSystems
Allegro MicroSystems is a publicly listed company on the NASDAQ with ticker symbol ALGM in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of Allegro MicroSystems
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Software Development Team
25 people
Human Resources and Administration
13 people
Product Management Team
11 people
Leadership Team
10 people
Senior Team
9 people
Finance and Accounting
4 people
Sales and Marketing
3 people
Functional Team
3 people
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Funding Insights of Allegro MicroSystems
Allegro MicroSystems has successfully raised a total of $291M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $291 million completed in October 2017. 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.
Investors in Allegro MicroSystems
Allegro MicroSystems has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Cisco, HHS and One Equity Partners.
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Private equity investments are made in North America and Europe.
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Public health and human services are overseen by HHS.
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AI and saas based cloud security solutions
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Investor details for Allegro MicroSystems
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Investments & Acquisitions by Allegro MicroSystems
Allegro MicroSystems has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Allegro MicroSystems, Allegro MicroSystems and Crocus Technology.
Investment portfolio details for Allegro MicroSystems
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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High-performance 650V GaN and MOS FET drivers are developed.
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Magnetic sensors are developed for semiconductor and electronics sectors.
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Electro-optical imaging products for LIDAR and laser-ranging applications are manufactured.
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Complete acquisition details for Allegro MicroSystems
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Financial Statements - Allegro MicroSystems
Detailed financials for Allegro MicroSystems
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Allegro Microsystems Comparisons
Peer comparison for Allegro MicroSystems
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Competitors of Allegro MicroSystems
Allegro MicroSystems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Transphorm, Paragraf, Power Integrations, Crocus Technology and Micrel, among others.
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Power conversion ICs are developed using Gallium Nitride semiconductors.
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Graphene-based magnetic sensors are developed using proprietary processes.
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Developer of integrated power conversion solutions. It designs and manufactures a range of power ICs and related components for various applications, including AC-DC conversion, LED drivers, gate drivers, and motor drivers. These solutions are used across diverse sectors such as consumer electronics, industrial equipment, and automotive systems. The company provides comprehensive design support and resources to assist customers in integrating its products into their designs. It also offers a robust online support system for troubleshooting and technical assistance.
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Magnetic sensors are developed for semiconductor and electronics sectors.
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Analog and power IC solutions are developed for various applications.
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Detailed competitors of Allegro MicroSystems
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Latest news on Allegro Microsystems
Complete news archive for Allegro MicroSystems
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Frequently Asked Questions about Allegro MicroSystems
Allegro MicroSystems was founded in 1990 and raised its 1st funding round 19 years after it was founded.
Allegro MicroSystems is headquartered in Worcester, United States. It is registered at Worcester, Massachusetts, United States.
Vineet Nargolwala is the current CEO of Allegro MicroSystems.
Allegro MicroSystems is a funded company, having raised a total of $291M across 2 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Allegro MicroSystems is 4,059.
Annual revenue of Allegro MicroSystems is $725.01M as on Mar 31, 2024.
Allegro MicroSystems was founded in 1990 and is headquartered in Worcester, United States. Manufacturing of magnetic sensors is focused on, including position sensors, current sensors, motor control ICs, regulators, and power management ICs. Dual-die programmable linear Hall ICs are also produced. Applications are found in automotive, consumer electronics, computers, and industrial sectors, supporting various operational needs.
Allegro MicroSystems's top competitors include Transphorm, Paragraf and Power Integrations.
Yes, Allegro MicroSystems is publicly traded on NASDAQ under the ticker symbol ALGM.
Allegro MicroSystems has made 4 acquisitions, including Allegro MicroSystems, Allegro MicroSystems, and Crocus Technology.
Allegro MicroSystems has 4 investors. Key investors include Cisco, HHS, One Equity Partners, and K1 Investment Management.
The ticker symbol of Allegro MicroSystems is ALGM on NASDAQ.