# Timesys Corporation

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

- Industry: Software
- Headquarters: Pittsburgh, US
- Website: www.timesys.com
- Total disclosed funding: $24M
- Latest round: Series B (Oct 21, 2003)
- Investors on record: 4

## About

Based in the US, Timesys Corporation specializes in providing embedded Linux, Android, and open-source operating system solutions, enhancing security and support for various industries.Founded in 1995 in Pittsburgh, US, Timesys Corporation focuses on developing embedded software solutions. The company was acquired by Lynx Software Technologies in December 2023 from several investors including Adams Capital Management and Royal Philips. Atul Bansal is the current CEO.Timesys specializes in comprehensive solutions for embedded Linux, Android, and open-source operating systems. Their primary offerings include VigiShield Secure by Design, which encompasses Software Bill of Materials management, vulnerability monitoring, and remediation, along with long-term support for Linux and Android systems. Their services cater to multiple sectors such as medical devices, industrial automation, automotive, and the Internet of Things, improving device security throughout the product lifecycle.Timesys generates revenue through a structured model that includes subscription services, partnerships, and consulting fees. Their offerings are primarily marketed on a subscription basis, ensuring ongoing support and maintenance for embedded systems, typically extending up to ten years. They also provide tailored engineering services and consulting, contributing to their continuous revenue stream from established client relationships.In December 2023, Timesys Corporation was acquired, which is expected to enhance its cybersecurity development software and Linux-based solutions across various open-source ecosystems. The acquisition will facilitate Timesys's expansion into new markets, focusing on strengthening its presence in cybersecurity and embedded systems globally.

## Funding rounds

- Series B, Oct 21, 2003, $8M — Adams Capital Management, Hillman Company, Royal Philips
- Series A, Mar 11, 2002, $16M — Adams Capital Management, Hillman Company, Sun Microsystems, Royal Philips

## Investors

- Adams Capital Management (https://capitalatlas.ai/funds/adams-capital-management) — Series A, Series B
- Hillman Company — Series A, Series B
- Sun Microsystems — Series A
- Royal Philips — Series A, Series B