| Adesto Technologies Corporation | |
| Type: | Public |
| Traded As: | NASDAQ: |
| Location: | Santa Clara, California, U.S. |
| Area Served: | Worldwide |
| Num Employees: | 265[1] |
| Parent: | Dialog Semiconductor |
Adesto Technologies Corporation is an American corporation founded in 2006 and based in Santa Clara, California.[2] The company provides application-specific semiconductors 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]
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. 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 their 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.
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. In June, the company announced its intention to buy Echelon Corporation, a home and industrial automation company, for $45 million. 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.