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 for $22.1 million, following two funding rounds from two investors.

Business overview

PLsense is a fabless semiconductor company focused on developing ultra-low-power technology to extend battery life for IoT, mobile, medical, and wearable devices. Its approach to IoT system-on-a-chip design emphasizes minimum energy operation across a wide range of frequencies, aiming for up to 90% energy reduction while enhancing reliability and lifespan. The company's core product, the PLS10 ultra-low-power MCU chip, is an integrated, general-purpose microcontroller supporting DSP functions, DMA, and various interface options, serving the Industrial Technologies sector.

Strategic signal

The acquisition of PLsense by NXP Semiconductors in July 2022 for $22.1 million signals a strategic move by NXP to integrate PLsense's ultra-low-power microcontroller technology. This transaction highlights the increasing demand for energy-efficient solutions in the IoT, mobile, and medical device markets, indicating a validation of PLsense's technology and its potential to enhance NXP's semiconductor offerings.

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?

PLsense was acquired by NXP Semiconductors for $22.1 million in July 2022.

Which company invested in PLsense's B Round funding?

NXP Semiconductors invested in PLsense's B Round funding in May 2020.

What is PLsense's primary product?

PLsense's primary product is the PLS10 ultra-low-power MCU chip, designed for IoT, mobile, medical, and wearable devices.

Who is the founder of PLsense?

Uzi Zangi is the Co-Founder & CEO of PLsense.