Achronix Semiconductor Corporation is an American fabless semiconductor company based in Santa Clara, California with an additional R&D facility in Bangalore, India,[2][3] and an additional sales office in Shenzhen, China.[4] 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.[5] In 2006, Achronix moved its headquarters to Silicon Valley.[6][7]
Company type | Private |
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Industry | Semiconductors |
Founded | 2004Ithaca, New York, U.S. | in
Founders |
|
Headquarters | , |
Key people | Robert Blake (CEO) Virantha Ekanayake (CTO) |
Products | FPGA, eFPGA IP |
Revenue | >$100M/year |
Number of employees | <200 |
Website | www |
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.[8] 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.[9]
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.[10]