Company Profile - Achronix Semiconductor
Achronix Semiconductor is an American fabless semiconductor company based in Santa Clara, California with an additional R&D facility in Bangalore, India, and an additional sales office in Shenzhen, China. 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. In 2006, Achronix moved its headquarters to Silicon Valley.
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. 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.