# Avnera Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avnera

- Industry: Semiconductors
- Headquarters: Beaverton, US
- Website: www.avnera.com
- Total disclosed funding: $56M
- Latest round: Series E (Feb 11, 2013)
- Investors on record: 10

## About

Avnera Corporation provides innovative audio technology solutions that enhance sound quality for consumer electronics and smart home applications, focusing on advanced microphone technology and audio signal processing.Founded in 2004 in Beaverton, Oregon, Avnera Corporation develops high-fidelity audio solutions. The company has completed 11 deals, with its most recent being a Trade Sale to Skyworks on August 3, 2018, for a total of USD 405 mn. Avnera has not undergone any notable strategic pivots and does not have reported subsidiaries. The founder's information is not disclosed. Avnera specializes in developing innovative audio solutions that enhance user experience across various platforms. Their core product offerings focus on advanced technology for microphones and audio signal processing, aimed at improving sound quality in personal devices, conferencing systems, and smart home applications. Avnera's technology is crucial for companies in the consumer electronics industry, such as smartphones, laptops, and smart speakers. The company operates in North America, Europe, and Asia, where the demand for high-performance audio equipment continues to rise. Through partnerships with leading device manufacturers, Avnera's products are integrated into a wide range of consumer and professional audio applications.Avnera generates revenue primarily through B2B transactions, partnering with manufacturers of consumer electronics and audio equipment. The company engages in contractual agreements for direct sales of its audio technology or licensing arrangements, enabling clients to integrate Avnera's solutions into their products. Revenue streams are bolstered by long-term partnerships with major technology firms, which ensure consistent income based on product utilization. Avnera's pricing plans are tailored to reflect the complexity of its technology, providing clients with customized solutions. Key revenue drivers include proprietary audio processing chips that support a sustainable business model within the audio technology sector.Looking ahead, Avnera plans to leverage its recent funding from Skyworks to expand its product line and enter new markets. The acquisition deal, expected to close in September 2018, includes an upfront payment of USD 405 mn with further milestone payments of USD 20 mn focused on development and sales. This funding will support the design and launch of upcoming audio technology products, targeting geographical expansions in Asia and Europe by 2020.

## Funding rounds

- Series E, Feb 11, 2013, $3.7M — Redpoint Ventures, Intel Capital, DAG Ventures, Bessemer Venture Partners, Panasonic Venture Group, Icon Ventures, Onkyo Home Entertainment Corporation, Altien Ventures
- Series D, Jan 15, 2010, $10M — Redpoint Ventures, Intel Capital, DAG Ventures, Bessemer Venture Partners, Panasonic Venture Group, Icon Ventures, Polycom, Inc., Best Buy Capital, Onkyo Home Entertainment Corporation, Altien Ventures
- Series C, Sep 1, 2007, $15M — Redpoint Ventures, Intel Capital, DAG Ventures, Bessemer Venture Partners, Panasonic Venture Group, Icon Ventures, Polycom, Inc., Best Buy Capital, Altien Ventures
- Series B, Aug 1, 2006, $12M — Redpoint Ventures, Intel Capital, Bessemer Venture Partners, Icon Ventures
- Series A, Oct 1, 2005, $7.6M — Redpoint Ventures, Bessemer Venture Partners, Icon Ventures
- Series A, Jun 1, 2004, $7.7M — Redpoint Ventures, Bessemer Venture Partners

## Investors

- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C, Series D, Series E
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C, Series D, Series E
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series A, Series B, Series C, Series D, Series E
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C, Series D, Series E
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series C, Series D, Series E
- Panasonic Venture Group (https://capitalatlas.ai/funds/panasonic-venture-group) — Series C, Series D, Series E
- Polycom, Inc. — Series C, Series D
- Best Buy Capital (https://capitalatlas.ai/funds/best-buy-capital) — Series C, Series D
- Altien Ventures — Series C, Series D, Series E
- Onkyo Home Entertainment Corporation — Series D, Series E