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Electronics and Semiconductors

ACEINNA Emerges as $50 Million Sensor Technology Spin Out

20 June 2018

ACEINNA (pronounced “A See Nah”), has emerged from behind the curtains as one of the largest “spin out” companies in the MEMS and sensing technology sector. In addition, the new and improved ACEINNA website is up and running — making it much easier for our customers to research and find the appropriate sensing products for their applications.

ACEINNA is developing powerful new sensing solutions for high volume AI applications such as autonomous Source: ACEINNASource: ACEINNAvehicles, high-performance computer systems and smart buildings. Over the last two years, the company has achieved >70 percent annual growth and expects this to continue in the future.

ACEINNA is a leading developer of inertial measurement unit (IMU) sensing technology used to provide navigation and guidance to autonomous vehicles — from self-driving cars and trucks to automated material handling solutions used in warehouses and factories. Currently, the sophisticated, highly accurate IMU navigation systems used by the top Level 4 autonomous car makers cost tens of thousands of dollars each.

“By leveraging our years of successful MEMS development and manufacturing experience, our innovative IMU technologies will enable us to provide the same technology for under $200 per unit, greatly accelerating the acceptance of autonomous vehicles worldwide,” explains Dr. Yang Zhao, CEO of ACEINNA. “We predict that within five years, IMU-based navigation technology for autonomous vehicles will be a billion-dollar market.”

ACEINNA Launch History

In late 2017, MEMSIC Inc., a leading sensor integrated circuit (IC), MEMS and solutions provider, finalized a transaction that involved the sale of its consumer sensor business, including its magnetometer and accelerometer products, along with the MEMSIC brand.

The original MEMSIC ownership, management team and board of directors created a new company, ACEINNA Inc., based in the U.S., to focus on the development of its higher growth, higher value product lines, which include inertial navigation systems, medical flow sensors and current sensors originally developed as part of MEMSIC. In early 2018, ACEINNA finalized a start-up investment of approximately $50 million from the company founders and IDG Capital, China’s largest investment group which manages a near $20 billion fund.

Dr. Zhao further stated that the acquiring company HC SemiTek intends to have the MEMSIC components business operate independently and is investing over a hundred million dollars to fuel its continuous growth into a major, international manufacturer of multiple MEMS sensors used in a wide range of consumer, automotive and industrial products.

To contact the author of this article, email engineering360editors@ieeeglobalspec.com


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