Adesto Technologies was founded by Narbeh Derhacobian, Shane Hollmer, and Ishai Naveh in 2006. Derhacobian formerly served in senior technical and managerial roles at
AMD,
Virage Logic, and Cswitch Corporations. In October 2010, Adesto acquired intellectual property and patents related to Conductive Bridging
Random Access Memory (CBRAM) technology from
Qimonda AG, and its first CBRAM product began production in 2011. In 2015, the company held an initial public offering under the symbol IOTS, which entered the market at $5 per share. Underwriters included
Needham & Company,
Oppenheimer & Co. Inc., and
Roth Capital Partners. The entire offering was valued at $28.75 million. The company's offerings were expanded to include ASICs and IP from S3 Semiconductors and embedded systems from Echelon Corporation, in addition to its original
non-volatile memory (NVM) products. In 2018 Adesto started a cooperation with the
University of California San Diego in order to explore the possibility for calculations to be made directly in the memory. In 2020, Adesto was acquired by
Dialog Semiconductor, a company headquartered in
Reading, United Kingdom, for $500 million. == References ==