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- Alif Semiconductor
Alif Semiconductor Acquisition, Valuation, Funding & Investors
Alif Semiconductor was acquired by Analog Devices for $1.4B in September 2026.
Cumulative funding Alif Semiconductor raised
$235M
across 3 funding rounds
Key investors in Alif Semiconductor
Mayfield Fund
Celesta Capital
About Alif Semiconductor
Alif Semiconductor is a San Jose-headquartered fabless chipmaker delivering the Ensemble E3 series microcontrollers for IoT edge devices. These Arm Cortex-M55 based SoCs integrate neural processing units for AI inference at under 1mW power draw, supporting Matter and Thread protocols. Manufactured via TSMC, products target smart homes and industrial sensors, with deployments by STMicroelectronics partners since 2022 launch.
Founded
2019
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$295M (Dec 2019)
Alif Semiconductor Acquisition
Alif Semiconductor was acquired by Analog Devices for $1.4B on 9 September 2026.
Before the acquisition Alif Semiconductor had raised $235M across 3 funding rounds.
Analog Devices agreed on September 9, 2026 to acquire Alif Semiconductor in an all-cash transaction valued at $1.35 billion, with up to an additional $200 million in contingent consideration. The transaction was approved by both boards and is expected to close before the end of calendar year 2026, subject to customary closing conditions and regulatory approval. The deal expands Analog Devices’ on-device AI and edge-processing capabilities by adding Alif Semiconductor’s AI-native fusion processors and power-efficient microcontrollers for real-time embedded systems. The acquisition is positioned as part of Analog Devices’ broader effort to advance physical intelligence, enabling systems to sense, reason, and act locally within physical-world constraints. Alif Semiconductor develops power-efficient edge AI microcontrollers and fusion processors for embedded applications. The company is privately held and focuses on scalable hardware platforms for customers building full system solutions at the edge.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 9 Sep 2026 | Strategic M&A | $1.4B |
Alif Semiconductor Valuation
Alif Semiconductor is currently valued at $295M, based on its Series B in December 2019.
Alif Semiconductor valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2019 | Series B | $295M |
Alif Semiconductor Funding History
Alif Semiconductor has raised a total of $235M across 3 funding rounds.
Alif Semiconductor's first fundraising round was a $72M undisclosed-stage round in February 2019. The most recent completed round was a $113M Series B in March 2022.
Alif Semiconductor funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series B | Celesta Capital; Mayfield Fund | $113M | - | Alif Semiconductor develops scalable, secure AI-enabled 32-bit microcontrollers and fusion processors optimized for low-power edge AI/ML processing, wireless connectivity, and embedded applications in IoT and everyday devices. Founded in 2019, the company targets the growing need for power-efficient embedded computing with integrated AI acceleration, high security, and OS diversity. Key executives include leaders from Cavium, Freescale, Atmel, and STMicroelectronics with experience scaling semiconductor businesses to billions in revenue. This followed prior rounds: $72 million (Series A, February 2019) and $50 million (Series B, December 2019), bringing total funding to approximately $185.9-235.4 million across rounds. Employee count reached 173 by recent estimates, with 15% growth. Alif continues innovation post-round, announcing products like Balletto wireless MCUs with neural co-processors (April 2024) and ExecuTorch integration (October 2024) for enhanced endpoint AI. |
| Dec 2019 | Series B | - | $50M | $295M | Alif Semiconductor is an edge AI microcontroller company founded in 2019 that designs advanced embedded processors for efficient AI-driven computing in IoT, automotive, and consumer electronics applications. The company's microcontrollers integrate AI acceleration, feature low-power architecture, and include robust security measures for intelligent edge computing. Alif Semiconductor raised $50 million in its Series B funding round on February 14, 2020, at a post-money valuation of $295.45 million, with investors including Kleiner Perkins and Lightspeed Ventures. The company subsequently raised $115 million in Series C on March 1, 2022, at a $704.82 million post-money valuation, and $155 million in Series D on April 22, 2025, at a $1.1 billion valuation, bringing total funding to $342.45 million. |
| Feb 2019 | Undisclosed stage | - | $72M | - | Alif Semiconductor develops edge AI microcontrollers and configurable system-on-chip devices integrating microprocessors, programmable logic, and memory for IoT applications. The company secured a Series A funding round of $22.45 million on February 28, 2019, led by WRVI Capital, achieving a post-money valuation of $40.82 million at a price per share of $1.80. This early financing supported product development in the ultra-low-power semiconductor space targeting edge computing. Subsequent rounds included a Series B of $50 million in February 2020 from Kleiner Perkins and Lightspeed Ventures at a $295.45 million post-money valuation, followed by a Series C of approximately $113-115 million in early 2022. Total funding raised across rounds reached around $186-342 million by later stages, with investors like Celesta Capital, Lightspeed India, and Qualcomm Ventures participating in follow-on investments. Alif operates in a competitive semiconductor landscape with peers like Ambiq and Esperanto Technologies focusing on low-power AI chips, amid rising demand for edge AI hardware. |
Who has invested in Alif Semiconductor?
2 investors have backed Alif Semiconductor across its funding rounds, including Mayfield Fund and Celesta Capital.
Alif Semiconductor Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAcquisitions by Alif Semiconductor
Alif Semiconductor has acquired 1 company to date.
Last acquisition by Alif Semiconductor was on April 1st 2019. Alif Semiconductor acquired Mymo Wireless for undisclosed valuation.
Latest Acquisitions by Alif Semiconductor
| Description | Mymo Wireless is a provider of 4G LTE technology stacks for user equipment manufacturers globally. It supplies customizable air-interface protocols and protocol stacks compliant with 3GPP standards. Taiwan-headquartered, Mymo Wireless supports deployments in mobile devices and IoT applications across Asia and Europe. |
| HQ Country | |
| HQ City | Bangalore |
| Deal Date | 1 Apr 2019 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Alif Semiconductor acquisitions and their M&A valuation multiples. Start Free Trial | |
Alif Semiconductor Competitors
Alif Semiconductor competitors include listed companies like POET Technologies and Pasqal, and private ones like XLMEC, Eliyan, IQM Quantum Computers and SeeQC.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1B | - | ||
| Private | $35M | - | $1B | 28.6x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1M | ($60M) | $1.3B | 106.5x | ||
| Publicly listed | $19M | ($92M) | $1.7B | - |
Alif Semiconductor Public Comps
Alif Semiconductor is no longer listed, but its public comps include Shenzhen Q and D Circuits, Parade Technologies, Koh Young, Boost Run, POET Technologies, Axera Semiconductor, Wolfspeed, Supreme Electronics, Faraday Technology and SUESS MicroTec.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $142M | $27M | 9.2x | - | 49.0x | - | |||
| $519M | $109M | 2.0x | 1.9x | 9.4x | 9.8x | |||
| $169M | $21M | 7.5x | 5.9x | 60.1x | 31.1x | |||
| $27M | ($4M) | 58.1x | 11.8x | (419.7x) | 25.1x | |||
| $1M | ($60M) | 475.5x | 106.5x | (8.6x) | - | |||
| $84M | ($152M) | 18.0x | - | (9.9x) | - | |||
| $758M | ($1.1B) | 2.6x | 3.0x | (1.8x) | 59.7x | |||
| $7.1B | $170M | 0.6x | - | 26.8x | - | |||
This data is available for Pro users. Sign up to see all Alif Semiconductor competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Alif Semiconductor
| When was Alif Semiconductor founded? | Alif Semiconductor was founded in 2019. |
| Where is Alif Semiconductor headquartered? | Alif Semiconductor is headquartered in San Francisco, CA, United States. |
| Is Alif Semiconductor publicly listed? | No, Alif Semiconductor was acquired by Analog Devices in September 2026. |
| Who acquired Alif Semiconductor? | Alif Semiconductor was acquired by Analog Devices in September 2026. |
| How much was Alif Semiconductor acquired for? | Alif Semiconductor was acquired for $1.4B in September 2026. |
| What is Alif Semiconductor's valuation? | Alif Semiconductor was last valued at $295M in its Series B in December 2019. |
| How much funding has Alif Semiconductor raised? | Alif Semiconductor has raised $235M across 3 funding rounds. |
| What was Alif Semiconductor's last funding round? | Alif Semiconductor's last funding round was a $113M Series B in March 2022. |
| Who are Alif Semiconductor's investors? | Alif Semiconductor's investors include Celesta Capital and Mayfield Fund. |
| Which companies are comparable to Alif Semiconductor? | Companies comparable to Alif Semiconductor include XLMEC, Eliyan, IQM Quantum Computers, SeeQC, POET Technologies and Pasqal. |
| How many companies has Alif Semiconductor acquired? | Alif Semiconductor has acquired 1 company, including Mymo Wireless. |
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