About Presto Engineering
Presto Engineering is a company based in San Jose (United States) founded in 2006 was acquired by NewAlpha Asset Management in December 2018. It operates as a Professional Services. Presto Engineering has raised $8.43 million across 3 funding rounds from investors including Bpifrance, Seventure Partners and unknown. The company has 43 employees as of March 31, 2024. Presto Engineering has completed 2 acquisitions, including GF Micro and Madebydelta. Presto Engineering offers products and services including ASIC Design Solutions and Semiconductor Services.
- Headquarter San Jose, United States
- Employees 43 as on 31 Mar, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Presto Engineering Group Sas
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Annual Revenue
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Net Profit
$5.46 M (USD)4as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$8.43 M (USD)
in 3 rounds
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Latest Funding Round
$6 M (USD), Series A
Jan 21, 2011
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Investors
Bpifrance
& 4 more
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Employee Count
43
as on Mar 31, 2024
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Investments & Acquisitions
GF Micro
& 1 more
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Acquired by
NewAlpha Asset Management
(Dec 12, 2018)
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Products & Services of Presto Engineering
Presto Engineering offers a comprehensive portfolio of products and services, including ASIC Design Solutions and Semiconductor Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
ASIC design solutions are provided for innovative products.
Semiconductor services are offered for testing and production.
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Funding Insights of Presto Engineering
Presto Engineering has successfully raised a total of $8.43M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in January 2011. 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 3
- Last Round Series A — $6.0M
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First Round
First Round
(28 Sep 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2011 | Amount | Series A - Presto Engineering | Valuation |
investors |
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| Jan, 2010 | Amount | Series A - Presto Engineering | Valuation |
investors |
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| Sep, 2009 | Amount | Seed - Presto Engineering | Valuation |
investors |
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| 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 Presto Engineering
Presto Engineering has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Bpifrance, Seventure Partners and unknown. 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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Tech & Life Sciences focused stage agnostic VC firm investing in Europe, Asia & the US
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Founded Year | Domain | Location | |
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New Alpha Asset Management is engaged in portfolio management and investment solutions.
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Founded Year | Domain | Location | |
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Adaxtra Capital is engaged in private equity investment management.
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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
|
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 Presto Engineering
Presto Engineering has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include GF Micro and Madebydelta. 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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Provides ASIC and custom IC design services to businesses and educational institutions.
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1993 | ||||
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Madebydelta is engaged in technological consulting and testing services.
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1941 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Presto Engineering
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Presto Engineering Comparisons
Competitors of Presto Engineering
| 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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Frequently Asked Questions about Presto Engineering
When was Presto Engineering founded?
Presto Engineering was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is Presto Engineering located?
Presto Engineering is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Is Presto Engineering a funded company?
Presto Engineering is a funded company, having raised a total of $8.43M across 3 funding rounds to date. The company's 1st funding round was a Seed of $425.43K, raised on Sep 28, 2009.
How many employees does Presto Engineering have?
As of Mar 31, 2024, the latest employee count at Presto Engineering is 43.
What does Presto Engineering do?
Presto Engineering is specialized in ASIC design and semiconductor services. Solutions are provided for high-value markets including Medical, Automotive, Industrial, and Communication sectors. Support is offered from design to production, covering testing, qualification, and supply chain management. Innovative microelectronics solutions are enabled for companies to integrate proprietary technology into their products while reducing risks and accelerating time-to-market.
What products or services does Presto Engineering offer?
Presto Engineering offers ASIC Design Solutions and Semiconductor Services.
How many acquisitions has Presto Engineering made?
Presto Engineering has made 2 acquisitions, including GF Micro, and Madebydelta.
Who are Presto Engineering's investors?
Presto Engineering has 5 investors. Key investors include Bpifrance, Seventure Partners, unknown, New Alpha Asset Management, and Adaxtra Capital.
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