PLsense

Company Overview

Snapshot

Founded in February 2014 by Uzi Zangi, PLsense operated with 1-10 employees. The company was acquired by NXP Semiconductors in July 2022.

Business overview

PLsense is a fabless semiconductor company specializing in ultra-low-power technology designed to extend battery life for IoT, mobile, medical, and wearable devices. The company's approach to system-on-a-chip design focuses on achieving minimum energy operation for targeted performance across a wide range of frequencies. Its PLS10 ultra-low-power MCU chip, which includes support for full DSP functions, DMA functionality, and various interface options, is already on the market. PLsense operates within the Industrial Technologies sector, targeting industries such as consumer electronics, medical devices, and mobile communications.

Strategic signal

The acquisition of PLsense by NXP Semiconductors in July 2022 for $22.1 million highlights the strategic importance of ultra-low-power microcontroller technology in the evolving IoT and mobile device markets. This exit signals strong validation for PLsense's energy-efficient chip design and its potential to enhance NXP's portfolio in embedded processing and secure connectivity, indicating a consolidation trend in the semiconductor industry driven by demand for specialized, power-optimized solutions.

Company Intelligence Q&A

When was PLsense acquired and by whom?

PLsense was acquired by NXP Semiconductors in July 2022.

What was the acquisition amount for PLsense?

NXP Semiconductors acquired PLsense for $22.1 million in November 2022, as reported by Marketscreener.com.

Who founded PLsense?

PLsense was founded by Uzi Zangi.

What is PLsense's core product?

PLsense's core product is the PLS10 ultra-low-power MCU chip, which is an integrated, general-purpose microcontroller.

What was a key investment in PLsense prior to its acquisition?

In May 2020, NXP Semiconductors invested in PLsense during a funding round.