Arteris, which provides interconnect and intellectual property technology for System-on-Chip semiconductors, filed on Friday with the SEC to raise up to $75 million in an initial public offering.
Arteris states that it is a leading provider of interconnect and other intellectual property (IP) technology that manages the on-chip communications in System-on-Chip (SoC) semiconductor devices. Its products enable its customers to deliver increasingly complex SoCs that not only process data but are also able to make decisions, and it believes this increase in SoC complexity is creating a significant opportunity for sophisticated SoC system IP solutions, which consist of Network-on-Chip (NoC) interconnect IP, IP deployment software, and NoC interface IP. As of June 30, 2021, Arteris had 166 Active Customers for both IP licensing and software products.
The Campbell, CA-based company was founded in 2003 and booked $38 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol AIP. Arteris filed confidentially on June 11, 2021. Jefferies, Cowen, and BMO Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
