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-30.91as on Mar 31, 2024
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Net Profit
$-73.01 M-147.81as on Mar 31, 2024
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EBITDA
$44.7 M-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.
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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 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $291.0M
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First Round
First Round
(28 Sep 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Private Equity Round - Allegro MicroSystems | Valuation |
investors |
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| Sep, 2009 | Amount | Grant - Allegro MicroSystems | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are made in North America and Europe.
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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AI and saas based cloud security solutions
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2014 | ||||
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Magnetic sensors are developed for semiconductor and electronics sectors.
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2004 | ||||
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Electro-optical imaging products for LIDAR and laser-ranging applications are manufactured.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Allegro MicroSystems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Allegro Microsystems Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Power conversion ICs are developed using Gallium Nitride semiconductors.
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| domain | founded_year | HQ Location |
Graphene-based magnetic sensors are developed using proprietary processes.
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Magnetic sensors are developed for semiconductor and electronics sectors.
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| domain | founded_year | HQ Location |
Analog and power IC solutions are developed for various applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Allegro Microsystems
Frequently Asked Questions about Allegro MicroSystems
When was Allegro MicroSystems founded?
Allegro MicroSystems was founded in 1990 and raised its 1st funding round 19 years after it was founded.
Where is Allegro MicroSystems located?
Allegro MicroSystems is headquartered in Worcester, United States. It is registered at Worcester, Massachusetts, United States.
Who is the current CEO of Allegro MicroSystems?
Vineet Nargolwala is the current CEO of Allegro MicroSystems.
Is Allegro MicroSystems a funded company?
Allegro MicroSystems is a funded company, having raised a total of $291M across 2 funding rounds to date. The company's 1st funding round was a Grant of $2.93M, raised on Sep 28, 2009.
How many employees does Allegro MicroSystems have?
As of Mar 31, 2024, the latest employee count at Allegro MicroSystems is 4,059.
What is the annual revenue of Allegro MicroSystems?
Annual revenue of Allegro MicroSystems is $725.01M as on Mar 31, 2024.
What does Allegro MicroSystems do?
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.
Who are the top competitors of Allegro MicroSystems?
Allegro MicroSystems's top competitors include Transphorm, Paragraf and Power Integrations.
Is Allegro MicroSystems publicly traded?
Yes, Allegro MicroSystems is publicly traded on NASDAQ under the ticker symbol ALGM.
How many acquisitions has Allegro MicroSystems made?
Allegro MicroSystems has made 4 acquisitions, including Allegro MicroSystems, Allegro MicroSystems, and Crocus Technology.
Who are Allegro MicroSystems's investors?
Allegro MicroSystems has 4 investors. Key investors include Cisco, HHS, One Equity Partners, and K1 Investment Management.
What is Allegro MicroSystems's ticker symbol?
The ticker symbol of Allegro MicroSystems is ALGM on NASDAQ.
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