# Adesto Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/adesto-technologies

- Industry: Logistics & Distribution
- Headquarters: Sunnyvale, US
- Website: www.adestotech.com
- Total disclosed funding: $46M
- Latest round: Series D (Aug 31, 2012)
- Investors on record: 5

## About

Adesto Technologies develops innovative memory solutions for various industries, focusing on non-volatile memory products that enhance data storage efficiency in embedded systems.Founded in 2006, Adesto Technologies is based in Sunnyvale, US, and specializes in memory solutions. The company has undergone strategic shifts in its operations, successfully completing a total of 13 deals. In October 2015, Adesto raised USD 25 mn through its IPO, offering 5 million shares at USD 5 per share. Adesto's founder, while specific historical details are limited, has a background in technology entrepreneurship.Adesto Technologies specializes in innovative non-volatile memory products tailored for diverse applications, including industrial automation, consumer electronics, and the Internet of Things (IoT). Their products are utilized by manufacturers and developers that require reliable and high-performance memory solutions. Adesto markets its offerings primarily in North America, Europe, and parts of Asia, serving a wide range of clients from small startups to large multinational corporations.In 2019, Adesto Technologies reported a revenue of USD 118.17 mn and an EBITDA of USD 1.165 mn, generating income mainly through partnerships and direct sales to manufacturers. Their revenue model includes B2B transactions and structured pricing plans based on order quantities, fostering ongoing relationships and repeat business.Following their recent funding round in October 2015, Adesto Technologies plans to leverage the raised USD 25 mn to expand its product offerings and penetrate new markets. The company is focused on launching new memory solutions tailored to the evolving demands of the IoT sector. Specific regions targeted for expansion include Europe and Asia by 2023.

## Funding rounds

- Series D, Aug 31, 2012, $14M — ARCH Venture Partners, ATA Ventures Management
- Series C, Jul 27, 2011, $17M — ARCH Venture Partners, ATA Ventures Management, 180 Degree Capital
- Series A, May 11, 2009, $3M — Adams Street Partners, ARCH Venture Partners, Applied Ventures, 180 Degree Capital
- Series A, Apr 29, 2008, $5.5M — Adams Street Partners, ARCH Venture Partners, ATA Ventures Management, Applied Ventures, 180 Degree Capital
- Series A, Feb 16, 2007, $6M — ARCH Venture Partners

## Investors

- ARCH Venture Partners (https://capitalatlas.ai/funds/arch-venture-partners) — Series A, Series C, Series D
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series A
- ATA Ventures Management (https://capitalatlas.ai/funds/ata-ventures-management) — Series A, Series C, Series D
- Applied Ventures (https://capitalatlas.ai/funds/applied-ventures) — Series A
- 180 Degree Capital (https://capitalatlas.ai/funds/180-degree-capital) — Series A, Series C