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Achronix was originally self-funded by several million dollars of founder's capital. Since 2006, Achronix has been funded by a combination of [[Venture capital]] funding, private equity funding and debt from traditional lenders.<ref>{{cite web|title=ACEV And Achronix Offer Fairly Priced Upside To The Red Hot Semi Market |url=https://seekingalpha.com/article/4415817-acev-and-achronix-offer-exposure-to-high-growth-efpga-story |website=seekingalpha.com|access-date=2021-12-27}}</ref> Since Achronix is a private company, the total amount of capital raised to date has not been disclosed, but the total amount of capital raised is thought to be in the $180M-$200M range. Achronix achieved profitability in 2016 and reportedly achieved sales of over $100M YTD in 2017, making it one of the highest growth semiconductor companies globally.<ref>https://www.electronicsweekly.com/news/business/efpga-ip-driving-revenue-achronix-2017-06/</ref> |
Achronix was originally self-funded by several million dollars of founder's capital. Since 2006, Achronix has been funded by a combination of [[Venture capital]] funding, private equity funding and debt from traditional lenders.<ref>{{cite web|title=ACEV And Achronix Offer Fairly Priced Upside To The Red Hot Semi Market |url=https://seekingalpha.com/article/4415817-acev-and-achronix-offer-exposure-to-high-growth-efpga-story |website=seekingalpha.com|access-date=2021-12-27}}</ref> Since Achronix is a private company, the total amount of capital raised to date has not been disclosed, but the total amount of capital raised is thought to be in the $180M-$200M range. Achronix achieved profitability in 2016 and reportedly achieved sales of over $100M YTD in 2017, making it one of the highest growth semiconductor companies globally.<ref>https://www.electronicsweekly.com/news/business/efpga-ip-driving-revenue-achronix-2017-06/</ref> |
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In July 2021 Achronix cancelled its plans to go public through a merger with a special acquisition ([[Special-purpose acquisition company|SPAC]]) company |
In July 2021 Achronix cancelled its plans to go public through a merger with a special acquisition ([[Special-purpose acquisition company|SPAC]]) company ACE Convergence Acquisition Corp due to regulatory approval difficulties. The proposed transaction valued the company at $2.1bn.<ref>[https://www.achronix.com/press-releases/achronix-and-ace-convergence-acquisition-corp-mutually-agree-terminate-merger Achronix press release, 12 July 2021]</ref> |
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'''Product Offerings''' |
'''Product Offerings''' |
Company type | Private |
---|---|
Industry | Semiconductors |
Founded | 2004 |
Headquarters | , |
Key people | Robert Blake (CEO), Mark Voll (CFO), Virantha Ekanayake (CTO), Chris Pelosi (VP HW Engineering), Kamal Choudhary (Sr. VP SW Engineering), Raymond Nijssen (VP and Chief Technologist), Randy Jurrat (VP of Operations), Steve Mensor (VP Sales and Marketing), Kent Orthner (VP Architecture), Namit Varma (Sr. Dir HW Engineering), Nick Ilyadis (Sr. Dir Planning) |
Products | FPGA, eFPGA IP |
Revenue | >$100M/year |
Number of employees | <200 |
Website | www |
Achronix Semiconductor is an American fabless semiconductor company based in Santa Clara, California with an additional R&D facility in Bangalore, India,[1][2] and an additional sales office in Shenzhen, China.[3] Achronix is a diversified fabless semiconductor company that sells FPGA products, embedded FPGA (eFPGA) products, system-level products and supporting design tools. Achronix was founded in 2004 in Ithaca, New York based on technology licensed from Cornell University.[4] In 2006, Achronix moved its headquarters to Silicon Valley.[5][6]
Achronix was originally self-funded by several million dollars of founder's capital. Since 2006, Achronix has been funded by a combination of Venture capital funding, private equity funding and debt from traditional lenders.[7] Since Achronix is a private company, the total amount of capital raised to date has not been disclosed, but the total amount of capital raised is thought to be in the $180M-$200M range. Achronix achieved profitability in 2016 and reportedly achieved sales of over $100M YTD in 2017, making it one of the highest growth semiconductor companies globally.[8]
In July 2021 Achronix cancelled its plans to go public through a merger with a special acquisition (SPAC) company ACE Convergence Acquisition Corp due to regulatory approval difficulties. The proposed transaction valued the company at $2.1bn.[9]
Product Offerings
In August 2018, Achronix was recognized by CIOReview Magazine as one of 20 of the 2018 Most Promising High-Performance Compute Solution Providers.[16]
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