Altair Semiconductor raises $50M after completing spinoff from Sony

Altair Semiconductor Spins Off from Sony to Focus on 5G IoT and eRedCap Strategy

By Marc Kavinsky, Lead Editor at IoT Business News. Altair Semiconductor has completed its spinoff from Sony Semiconductor Solutions, securing $50 million in funding to accelerate its focus on cellular IoT and a 5G eRedCap roadmap. As IoT deployments scale across industries, a recurring challenge continues to shape the market: how to balance power efficiency, device longevity, and evolving connectivity standards. While LTE-M and NB-IoT have enab…

Israeli chip business completes spin-off from Sony

Altair Semiconductor completed a transition into an independent company and raised $50 million in a funding round following a strategic spin-off from Sony’s chip division. The spin-off was led by Israeli venture capital fund Pitango Group with Sony remaining part of the set-up as a shareholder, demonstrating its confidence in Altair Semiconductor’s market leadership and vision for powering the physical AI transformation. For Israel-based Altair …

Altair Semiconductor completes spinoff from Sony Semiconductor Solutions | IoT Now News & Reports

Altair Semiconductor has announced the successful completion of its transition to an independent company, following a spinoff from Sony Semiconductor Solutions Corporation. The transaction, led by Pitango Group, secured $50 … Continued The post Altair Semiconductor completes spinoff from Sony Semiconductor Solutions appeared first on IoT Now News - How to run an IoT enabled business.

Altair Semiconductor Spins Out of Sony with $50M Funding

Altair Semiconductor raises $50M in a Sony spinoff to accelerate its 5G eRedCap IoT chipset roadmap and Physical AI connectivity ambitions. The post Altair Semiconductor Spins Out of Sony with $50M Funding appeared first on techcoffeehouse.com.

Altair Semiconductor raises $50M after completing spinoff from Sony

Altair Semiconductor Ltd. has returned to its roots as an independent company after its parent completed a strategic spinoff from Sony Semiconductor Solutions Corp. With the successful split, Altair has secured $50 million in funding from Pitango Group. Sony Corp. will remain one of the largest shareholders in Altair, a decision that reflects its continued belief […] The post Altair Semiconductor raises $50M after completing spinoff from Sony ap…