Aspinity

Morgantown, United States Founded: 2013 • Age: 13 yrs
Developer of analog processing semiconductors for AI-driven event detection and classification
Annual revenue - Latest available
Total funding $22.1M 8 rounds
Employees 12 Tracked headcount
Investors 7 Known backers
Products - Services tracked
Competitors 11 Brand Intelligence

About Aspinity

Aspinity is a company based in Morgantown (United States) founded in 2013. Aspinity has raised $22.14 million across 8 funding rounds from investors including Techstars, Anzu Partners and Birchmere Ventures. The company has 12 employees as of December 31, 2024. Aspinity operates in a competitive market with competitors including Xilinx, Rambus, Espressif, Altera and InvenSense, among others.

  • Headquarter Morgantown, United States
  • Employees 12 as on 31 Dec, 2024
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Aspinity, Inc.
Operational Areas
Technology → Semiconductors, Electronics & Hardware
Technology → Internet of Things (IoT) & Connectivity
Technology → Semiconductors, Electronics & Hardware
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $22.14 M (USD)

    in 8 rounds

  • Latest Funding Round
    $2.6 M (USD), Debt – Conventional

    May 17, 2024

  • Investors
    Techstars

    & 6 more

  • Employee Count
    12

    as on Dec 31, 2024

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People of Aspinity

Headcount 10-50
Employee Profiles 6
Employee Profiles
People
Brandon Rumberg
Founder & CTO
People
David Graham
Founder & CSO
People
Matte Zeleznik
Director, Product
People
Tom Doyle
Founder & CEO

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Funding Insights of Aspinity

Aspinity has successfully raised a total of $22.14M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.6 million completed in May 2024. 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 Rounds 8
  • Last Round Debt – Conventional — $2.6M
  • First Round
  • Investors Count 7
Date Amount Transaction Name Valuation Lead Investors Investors
May, 2024 Amount Debt – Conventional - Aspinity Valuation

investors

Jul, 2023 Amount Series B - Aspinity Valuation

investors

Jan, 2022 Amount Series A - Aspinity Valuation

investors

Investors in Aspinity

Aspinity has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Techstars, Anzu Partners and Birchmere Ventures.

All
Venture Fund
Investor Description Founded Year Domain Location
Investments are made in industrial and life sciences technology companies.
Founded Year Domain Location
US focused early-stage VC firm investing in tech & life sciences start-ups
Founded Year Domain Location
Venture capital investments are made in early-stage scaling companies.
Founded Year Domain Location

Investments & Acquisitions by Aspinity

Investments

Financial Statements - Aspinity

Aspinity Comparisons

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Competitors of Aspinity

Aspinity 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 Xilinx, Rambus, Espressif, Altera and InvenSense, among others.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Programmable logic devices and embedded solutions are provided.
domain founded_year HQ Location
AI-based silicon IP and chip solutions are developed and licensed.
domain founded_year HQ Location
Provides wireless SOCs for Wi-Fi and Bluetooth in IOT Applications
domain founded_year HQ Location
Programmable logic devices and reconfigurable digital circuits are manufactured.
domain founded_year HQ Location
MotionTracking sensor system on chips with integrated motion and sound solutions
domain founded_year HQ Location
IoT-based energy harvesting solutions for enterprises are provided.

Frequently Asked Questions about Aspinity

Aspinity was founded in 2013 and raised its 1st funding round 4 years after it was founded.

Aspinity is headquartered in Morgantown, United States. It is registered at Morgantown, West Virginia, United States.

Aspinity is a funded company, having raised a total of $22.14M across 8 funding rounds to date. The company's 1st funding round was a Series A of $2.51M, raised on Jun 01, 2017.

As of Dec 31, 2024, the latest employee count at Aspinity is 12.

Aspinity was founded in 2013 and is headquartered in Morgantown, United States. Semiconductors focused on analog processing for AI-driven event detection and classification are developed by the company. Machine learning accuracy is combined with ultra-low power analog processing to enable detection, classification, notification, and prevention functions. Processors and enablement platforms are offered for applications in automotive, smart home, and IoT sectors.

Aspinity's top competitors include Espressif, Xilinx and Rambus.

Aspinity has 7 investors. Key investors include Techstars, Anzu Partners, Birchmere Ventures, Mountain State Capital, and Riverfront Ventures.

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