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  6. Cyient Invests In Azimuth AI

Investment Summary

Cyient Invests In Azimuth AI

On October 28, 2024, Cyient invested in semiconductors company Azimuth AI

Investment Highlights
  • This is Cyient’s 2nd transaction in the Semiconductors sector.
  • This is Cyient’s 6th transaction in the United States.
  • This is Cyient’s 1st transaction in California.

Investment Summary
Date 2024-10-28
Target Azimuth AI
Sector Semiconductors
Investor(s) Cyient
Deal Type Stake Purchase

Target

Azimuth AI

Folsom, California, United States
Azimuth AI is a manufacturer of silicon products which develops ASICs for Edge Computing Applications. Azimuth AI was founded in 2023 and is based in Folsom, California.

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Investor(S) 1

Investor

Cyient

Hyderabad, India
Category Company
Founded 1991
Sector Diversified
Employees12,733
Revenue 71.5B INR (2024)
DESCRIPTION

Cyient provides leading-edge engineering solutions, including product development and life-cycle support, process, network and content engineering to major organizations worldwide. Cyient was founded in 1991 and is based in Hyderabad, India.

DEAL STATS #
Overall 17 of 17
Sector: Semiconductors M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Celfinet

Lisbon, Portugal

Celfinet is a vendor-independent company, offering software and engineering solutions for mobile telecommunications operators. Celfinet was founded in 2003 and is based in Lisbon, Portugal.

Buy €41M
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