# Innovasic

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

- Industry: Electronics
- Headquarters: Albuquerque, US
- Website: www.innovasic.com
- Total disclosed funding: $10M
- Latest round: Series C (Mar 13, 2007)
- Investors on record: 3

## About

Innovasic Inc. is a technology company that designs and manufactures advanced integrated circuits, enabling efficient communication and processing solutions across various industries.Founded in 1992 and headquartered in Albuquerque, US, Innovasic Inc. develops integrated circuits focused on enhancing system performance in diverse applications. The company has undergone significant growth, culminating in its acquisition by Analog Devices in October 2016, though financial details of the transaction were not disclosed. Innovasic is the only company under its operations, having specialized in developing innovative solutions since its inception. The company has successfully completed four deals to date, with its most recent funding round being a Series C, raising USD 6.00 mn and leading to a current valuation of USD 19.23 mn.Innovasic Inc. specializes in designing and manufacturing integrated circuits that improve efficiency in communication and data processing systems. Their products are utilized in various sectors including automotive, industrial automation, and healthcare, contributing to advancements in system performance and reliability. The company provides tailored solutions that cater to the unique needs of its clients, with a global reach that spans North America, Europe, and Asia.Innovasic Inc. generates revenue through the sale of its integrated circuits and solutions directly to a variety of clients, primarily in a B2B context. Clients purchase these products for integration into their own systems and applications. The company's revenue model includes single unit sales and long-term partnerships, which may involve ongoing support and collaborative development, ensuring a consistent revenue stream.Innovasic Inc. is focused on expanding its product offerings and market presence. The company plans to develop new integrated circuits designed to enhance performance and efficiency, although specific release dates have not been disclosed. Plans for geographic expansion target markets in Europe and Asia, aimed for execution by 2025. Recent funding from the Series C round will be utilized to support these initiatives, particularly in the development of new products and entry into new markets, following the company’s acquisition by Analog Devices in October 2016.

## Funding rounds

- Series C, Mar 13, 2007, $6M — Red River Ventures, Valley Ventures, Grayhawk Capital
- Series B, Mar 4, 2004, $4.2M — Red River Ventures, Valley Ventures, Grayhawk Capital

## Investors

- Red River Ventures (https://capitalatlas.ai/funds/red-river-ventures) — Series B, Series C
- Valley Ventures (https://capitalatlas.ai/funds/valley-ventures) — Series B, Series C
- Grayhawk Capital (https://capitalatlas.ai/funds/grayhawk-capital) — Series B, Series C