Breaking, Business, Intel, Internet of Things (IoT), News

Intel Invests in Adesto Technologies

Intel recently submitted an SEC SC-13G ‘Statement of Beneficial Ownership’ in Adesto Technologies Corporation, making their 5.1% investment in Adesto public. As Intel focuses the investment and product portfolio on Internet of Things (IoT), the company is actively teaming up and investing in companies which hold significant stake in desired markets. Adesto endured a troubled IPO, first by being forced to reduce the valuation of the company, and then shares sunk by 25%, reducing the market cap to $86.08 million. The IPO issues do not exclusively stem from the company, as Adesto faced a rough ride on the markets – which affected everybody, from companies like LinkedIn