Tempo Automation, Inc.
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Tempo Automation, Inc. - overview
Established
2013
Location
San Francisco, CA, US
Primary Industry
Electronics
About
Founded in 2013 and based in California, US, Tempo Automation Inc. operates as a software-accelerated electronics manufacturing company. As of 2021, Joy Weiss is the CEO and President of the company. In 2020, Tempo Automation raised an undisclosed amount of venture funding from new investor Tuesday Capital.
In October 2021, Tempo Automation, Inc. raised USD 79 million in venture debt funding from new investors ACE Equity Partners, SQN Venture Partners, and Structural Capital. The company is a manufacturer of prototype printed circuit board assembly (PCBA) designs. The company uses a platform that helps to improve the manufacturing process by enabling the early upload of CAD and allows clients to track the progress of their orders.
Its platform learns from every order, part, and process step using machine learning and its expanding datasets. It then applies those lessons to all future builds, reducing cost and time to market for Tempo's clients. Tempo Automation, Inc. plans to use the funding to complete the acquisitions of Advanced Circuits and Whizz concurrently with the closing of the business combination of Tempo with ACE.
Following the business combination (merger), the combined entity will be renamed "Tempo Automation Holdings, Inc. " and will start trading on Nasdaq under the ticker symbol "TMPO".
Current Investors
Lux Capital, Uncork Capital, AME Ventures
Primary Industry
Electronics
Sub Industries
Electronic Components, Integrated Circuits, Engineering Software
Website
www.tempoautomation.com
Verticals
Artificial Intelligence, Manufacturing
Total Amount Raised
Subscriber access only
Tempo Automation, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Advanced Circuits Inc. | - |
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