Sonatus, Inc. Appoints Mahesh Karanth as Chief Financial Officer

Rhea-AI Summary

Sonatus, a key player in automotive software, has appointed Mahesh Karanth as its new Chief Financial Officer. Karanth brings over 30 years of experience in technology companies, with significant expertise in financial leadership, strategic transactions, and fundraising. His notable career includes roles as CFO at Telsima, InvenSense (NYSE: INVN), and Enlighted, and leading Rockley Photonics to a public listing via SPAC in 2021. He also spent nine years at Compaq/Hewlett Packard, managing M&A transactions. CEO Jeff Chou expressed excitement about Karanth's strategic vision and leadership, anticipating that he will drive Sonatus' innovation and growth. Karanth is eager to join Sonatus during this pivotal time for the automotive industry.

Positive

• Appointment of a seasoned CFO with over 30 years of experience in technology companies.
• Mahesh Karanth's history of successful financial leadership and strategic transactions.
• Experience in leading companies to public listings, exemplified by Rockley Photonics in 2021.
• Extensive background in managing major M&A transactions at Compaq/Hewlett Packard.

Negative

• Potential concerns about continuity and experience gaps during the leadership transition.

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Sonatus, Inc., a leader in automotive software and solutions, today announced the appointment of Mahesh Karanth as Chief Financial Officer.

Mahesh Karanth is a seasoned financial executive with over three decades of experience in growth-oriented technology companies. His extensive background includes financial leadership, strategic transactions, and successful fundraising initiatives. Mahesh has a proven track record of driving companies to achieve their financial and strategic goals.

Mahesh’s career highlights include:

• Serving as CFO for Telsima, InvenSense (NYSE: INVN), and Enlighted Inc.
• Leading Rockley Photonics to a public listing via SPAC in 2021.
• A nine-year tenure at Compaq/Hewlett Packard, managing major M&A transactions and international operations.

Mahesh began his career at Ernst & Young, where he advanced to Partner. He holds qualifications as a CPA (Texas), Chartered Accountant, and Company Secretary.

“We are thrilled to welcome Mahesh Karanth to the Sonatus leadership team,” said Jeff Chou, CEO and co-founder of Sonatus, Inc. “His extensive experience, strategic vision, and proven track record in financial leadership will be invaluable in driving Sonatus’ innovation and growth.”

“I’m delighted to be joining the very talented team at Sonatus at an exciting time for the company, and the automotive industry at large,” said Mahesh Karanth. “Software innovation is accelerating and I’m looking forward to working with my new colleagues as Sontaus reinforces its position at the forefront of this shift.”

About Sonatus

Sonatus is accelerating vehicle software innovation and the transition towards software-defined vehicles. The diverse products comprising the Sonatus Vehicle Platform serve as the key building blocks that allow automotive companies and their ecosystem to fast forward to the future of mobility and deliver continuous improvements in costs, capabilities, reliability, and user experience over the vehicle lifespan. Sonatus’ award-winning software platform is in mass production in over 1 million vehicles from Hyundai, Kia, and Genesis today and will grow to millions of cars by 2024. The company has raised more than $110 million USD with world-class automotive, technology, and venture investors including Foxconn, Hyundai Motor Group’s Kia Corporation, LG Electronics, Marvell, NEC and Translink Orchestrating Future Fund, SAIC Capital, Translink Capital, UMC Capital, and Wanxiang. Sonatus is headquartered in Sunnyvale, CA (Silicon Valley), with offices in Bangalore, Dublin, Detroit, Kraków, Paris, Pune, Shanghai, Seoul, Taipei, and Tokyo. For more information visit www.sonatus.com.

Sonatus and the Sonatus logo are trademarks of Sonatus, Inc. The Sonatus trademark is registered in the United States and may be registered in other countries. © 2024 Sonatus, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240701269880/en/

Michael Cory

Director, Marketing & Communications

press@sonatus.com

Source: Sonatus, Inc.

FAQ

Who is Mahesh Karanth?

Mahesh Karanth is the newly appointed Chief Financial Officer of Sonatus. He has over 30 years of experience in financial leadership within growth-oriented technology companies.

What is the stock symbol associated with Mahesh Karanth's previous role?

Mahesh Karanth previously served as CFO at InvenSense, which trades under the stock symbol INVN.

What are some of Mahesh Karanth's career achievements?

Mahesh Karanth has led companies to successful public listings, including Rockley Photonics via SPAC in 2021, and managed major M&A transactions at Compaq/Hewlett Packard.

How might Mahesh Karanth impact Sonatus?

Mahesh Karanth's extensive experience in financial leadership and strategic transactions is expected to drive Sonatus' innovation and growth.

Why is Mahesh Karanth's appointment significant for Sonatus?

His appointment is significant due to his proven track record in financial leadership, which is anticipated to strengthen Sonatus' strategic direction and market position.