Adesto Technologies

Adesto Technologies Corporation was an American corporation founded in 2006 and based in Santa Clara, California.[2] The company provided application-specific integrated circuits (ASICs) and embedded systems for the Internet of Things (IoT),[3][4] and sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that manufacture products for its end customers.[5][6] In 2020, Adesto was bought by Dialog Semiconductor.[7]

History

Adesto Technologies was founded by Narbeh Derhacobian, Shane Hollmer, and Ishai Naveh in 2006.[8][9] Derhacobian formerly served in senior technical and managerial roles at AMD, Virage Logic, and Cswitch Corporations.[2] The company developed a non-volatile memory based on the movement of copper ions in a programmable metallization cell technology licensed from Axon Technologies Corp., a spinoff of Arizona State University.[10][11]

In October 2010, Adesto acquired intellectual property and patents related to Conductive Bridging Random Access Memory (CBRAM) technology from Qimonda AG, and its first CBRAM product began production in 2011.[12]

In 2015, the company held an initial public offering under the symbol IOTS, which entered the market at $5 per share. Underwriters included Needham & Company, Oppenheimer & Co. Inc., and Roth Capital Partners.[13][14] The entire offering was valued at $28.75 million.[14]

Between May and September 2018, Adesto completed two acquisitions of S3 Semiconductors and Echelon Corporation. In May, the company acquired S3 Semiconductors, a provider of analog and mixed-signal ASICs and Intellectual Property (IP) cores.[3] In June, the company announced its intention to buy Echelon Corporation, a home and industrial automation company, for $45 million.[14] The acquisition was completed three months later.[15] The company's offerings were expanded to include ASICs and IP from S3 Semiconductors and embedded systems from Echelon Corporation,[16] in addition to its original non-volatile memory (NVM) products.[17]

In 2018 Adesto started a cooperation with the University of California San Diego in order to explore the possibility for calculations to be made directly in the memory.[18]

In 2020, Adesto was acquired by Dialog Semiconductor, a company headquartered in Reading, United Kingdom, for $500 million.[7]

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