Renesas Announces Investment in Popular Open-Source Company Arduino to Access Huge Developer Community

Rhea-AI Summary

Renesas Electronics Corporation has announced a strategic investment of $10 million in Arduino's Series B funding round, which totals $32 million. This partnership aims to extend Renesas' technology offerings to Arduino's global developer community of 30 million. The investment will enable Arduino to enhance its hardware and software tools for professional engineers, aligning with their strategy to penetrate the enterprise market. Renesas will also gain access to Arduino's open-source platform, facilitating broader customer reach.

Positive

• Investment of $10 million in Arduino's $32 million Series B funding supports growth into enterprise applications.
• Collaboration provides Renesas access to Arduino's open-source platform and 30 million global developers.
• Arduino's expansion into enterprise aligns with Renesas' strategy to grow its business in the mass market.

Negative

• None.

Renesas Investing $10 million in Arduino’s New Round of Series B Funding; Renesas Senior Vice President, Chris Allexandre, to Join Arduino’s Board of Directors.

TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced an investment in Arduino’s new round of Series B funding. The partnership with Arduino enables Renesas to make its broad range of products available for Arduino’s technology platforms used by its worldwide developer community.

Arduino was first developed as an easy-to-use tool for fast prototyping aimed at students without a background in electronics and programming. Arduino expanded to offer tools for education and professionals. Now, the company is focusing on empowering a new generation of professional engineers with enterprise scale applications. Arduino recently unveiled plans to expand its portfolio of hardware, software, connectivity and developer tools for professionals and into the enterprise, broadening its offering beyond makers and students. The strategy is designed to deliver more of the speed, simplicity and power inherent in Arduino’s innovative platform to the enterprise.

Arduino complements Renesas’ global strategy of reaching a broader range of customers by enabling designers around the world access to Arduino’s open-source platform. To help advance Arduino’s plans and vision of expanding into the enterprise, Renesas is investing $10 million into Arduino’s Series B round of $32 million. The funding will also provide Arduino with access to a new level of technology with Renesas’ industry-leading technology portfolio, including MCUs/MPUs, analog, power, and connectivity products. This investment is significant for Renesas as part of its strategy to grow its business in the mass market and reach new customers within Arduino’s community of 30 million developers worldwide.

“We are excited to be part of Arduino’s new strategy, and provide them more options by giving access to Renesas’ extensive technology, tools, and customer base,” said Chris Allexandre, Senior Vice President, Head of Sales and Corporate Digital Marketing, IoT and Infrastructure Business Unit at Renesas. “We look forward to working together to accelerate Arduino’s open-source technology and provide engineers in the enterprise easier access to it.”

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube and Instagram.

(Remarks) All names of products or services mentioned in this press release are trademarks or registered trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220613005875/en/

Media Contacts:

Renesas Electronics Corporation

Kyoko Okamoto

+81 3-6773-3001

pr@renesas.com

Investor Relations Contacts:

Renesas Electronics Corporation

Yuuki Oka

+81 3-6773-3002

ir@renesas.com

Source: Renesas Electronics Corporation

FAQ

What is Renesas' investment in Arduino's Series B funding?

Renesas is investing $10 million in Arduino's Series B funding round, which totals $32 million.

How will Renesas benefit from the investment in Arduino?

Renesas will gain access to Arduino's open-source platform and its extensive community of 30 million developers.

What is the goal of Arduino's new strategy with this funding?

Arduino aims to enhance its hardware and software tools for professional engineers and expand into enterprise applications.

What is Arduino's developer community size?

Arduino has a developer community of approximately 30 million worldwide.