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Coresonic

coresonic.com

Founded Year

2004

Stage

Acquired | Acquired

Total Raised

$2.38M

About Coresonic

Coresonic is a developer of Digital Signal Processor (DSP) technology. The company provides its technology as licenses for DSP cores and toolkits tailored for specific customer projects or as a complete SIMT architecture license.In April 2012, Coresonic was acquired by MediaTek. The valuation of Coresonic was undisclosed. Other terms of the deal were not released.

Headquarters Location

Teknikringen 10

SE-583 30,

Sweden

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Coresonic Patents

Coresonic has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/27/2012

10/28/2014

Digital signal processors, Software testing, Parallel computing, Microcontrollers, Microprocessors

Grant

Application Date

4/27/2012

Grant Date

10/28/2014

Title

Related Topics

Digital signal processors, Software testing, Parallel computing, Microcontrollers, Microprocessors

Status

Grant

Latest Coresonic News

MediaTek Acquires Coresonic

Apr 11, 2012

By Connie Loizos MediaTek, a Hsinchu, Taiwan-based fabless semiconductor company, has agreed to acquire the Swedish company Coresonic, a digital signal processor (DSP) maker. Coresonic will become a wholly owned subsidiary of MediaTek in Europe. Terms of the deal are not being disclosed. Eight-year-old Coresonic had raised  at least $2 million from venture investors in 2010, including from SEB Venture Capital and Industrifonden. PRESS RELEASE:   MediaTek Inc., a leading fabless semiconductor company for wireless communications and digital multimedia solutions, during a meeting of its board of directors today, approved the purchase and acquisition of the Swedish company Coresonic AB, a global leader of Digital Signal Processor (DSP) technology. Following the formalization of the acquisition, Coresonic AB will become another wholly owned subsidiary of MediaTek in Europe. Coresonic AB, founded in Sweden, has rapidly established itself as a market leader with its breakthrough DSP architecture for wireless baseband. MediaTek will use Coresonic’s DSP technology to further improve the efficiency and flexibility of its expanding product lines, strengthening MediaTek’s position as a leading provider of wireless communication and digital multimedia IC solutions. Prior to the acquisition, MediaTek has been working closely with Coresonic AB. Johan Lodenius, CEO of Coresonic, said “We have been very successful with expanding the use of our DSP architecture in wireless communications projects world-wide. This acquisition provides strong synergies for both companies as it enables us to increase the pace of introducing new leading wireless products through MediaTek’s global network.” Following the announcement of the acquisition, Ching-Jiang Hsieh, President of MediaTek said, “As a leader in digital consumer and wireless chipsets, MediaTek offers a broad range of highly competitive products. With the acquisition of Coresonic, MediaTek will significantly enhance its wireless technologies and sharpen the competitive edge of its product solutions.” About MediaTek Inc. MediaTek Inc. is a leading fabless semiconductor company for wireless communications and digital multimedia solutions. The company is a market leader and pioneer in cutting-edge SOC system solutions for wireless communications, high-definition TV, optical storage, and DVD and Blu-ray products. Founded in 1997 and listed on Taiwan Stock Exchange under the code “2454”, MediaTek is headquartered in Taiwan and has sales or research subsidiaries in Mainland China, Singapore, India, U.S., Japan, South Korea, Denmark, England and Dubai. © 2015 Buyouts Insider / Argosy Group LLC

Coresonic Frequently Asked Questions (FAQ)

  • When was Coresonic founded?

    Coresonic was founded in 2004.

  • What is Coresonic's latest funding round?

    Coresonic's latest funding round is Acquired.

  • How much did Coresonic raise?

    Coresonic raised a total of $2.38M.

  • Who are the investors of Coresonic?

    Investors of Coresonic include MediaTek, Industrifonden, SEB Venture Capital and Rendera.

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