Narbeh Derhacobian, Adesto Technologies | ACG SV Grow! Awards 2019
>> from Mountain View, California It's the Cube covering the fifteenth annual Grow Awards. Brought to you by A C. G S V. >> Hi, Lisa Martin on the ground with the Cube at the Computer History Museum for the fifteenth annual TGS Grow Awards. Can you hear the collaboration of the innovation going on behind me? Very excited to welcome to the Cube, one of tonight's award winners from a Jaso Technologies, Norby, Jericho B and the President and CEO of Modesto. Congratulations on the Emerging Growth Award that adjuster has been honored with tonight. >> Thank you very much. We're very honored to be here. So you've been at >> the helm of a desert for a long time. I'd like our audience to hear a little bit from you about whom destiny is what you do. What makes you different. >> Perfect. So we are at a technology company on our products are used primarily in Internet of things, applications across many, many segments. Most off our businesses within the industrial segment on our customers use our products to actually build a Iot solutions for their end markets. Our products include semiconductor chips that are used at the edge of Coyote EJ gateway devices that connects the local networks to the more broad networks on. Basically, we enable our customers to take data from the physical world and send it up into the clouds >> to you guys. Our have had a great great trajectory, obviously being recognized by the emerging growth winner from a C. G S B. Tell me a little bit about it was looking at some information from you guys and on twenty eighteen, You guys did a great job of executing on your strategic initiatives to really make twenty eighteen a transformative year couple of acquisitions to us about the last year, in particular in the group that you have seen the momento and you're bringing into twenty nineteen. >> Correct? Correct. So we started. We enter twenty eighteen as a provider up application specific memory devices for I ot however, we realize that for our customers to take true benefit off the technologies we provide, we need to be a more holistic supplier of solutions. So as a result, we went through a whole process off looking at other technologies that can complement what we have in a very similar way, with strategic focus in the markets that we were focused, and as a result, we made two acquisitions in past summer that ended up its expanding our market opportunity, broadening our reach within existing customer and significantly expanding our offering portfolio to foreign markets. >> Negroes have a really strong position with tear one customers in the industrial sector. You mentioned that expecting Don't be a little bit more than about your leadership here in what makes these large industrial cheer. One players say Augusto is for us, >> right? So before I asked her that let me talk a little bit about the difference between industrial I ot and Consumer >> Riley's Yes, >> So if you think about consumer, I ot, it's what grabs headlines. It's the fitness trackers, the latest home smart thermostats, and the smartwatch is on so forth. The's are new markets. Volumes are girl very fast, but if next year and new shiny object is created, it's easy for the consumers to replace. They basically buy the new one. Repent replaced the old. One interesting thing about industrial I ot is that industrial I ot has this fragmented legacy systems that today run in their businesses. So if you look at the building we're in Today there is a fired and safety system that runs there's H Vac system that runs the business. There's a security systems, and this could have been installed here decades ago. There are billions of connected things in that industrial network today, but the data is unable to go up into the cloud. Where come cloud providers? Aye, aye. Providers can actually take the data on provide benefits to the business owners. We understand the language of industrial I ot very well because off our roots in that space. And we also understand this universe very well because of our roots being in Silicon Valley. So for industrial customers to benefit from this transformation, it's very important to be able to understand the OT world operational technology world of old days on the IT world that we're very familiar with. So with addition off these acquisitions that we've done this summer very well, positions with the building blocks that way can put together on offer differentiated solutions to our customers? >> Well, no, but it's been a pleasure having you on the queue. But the fifteenth annual acey GSP grow words. Congratulations to adjust of your whole team for the emerging growth award. And we look forward to seeing what happens this year in the space with you. Thank >> you. Thank you very much. Thank you. >> Lisa. Martin, you're watching the Cube. Thanks for watching.
SUMMARY :
Brought to you by A C. Hi, Lisa Martin on the ground with the Cube at the Computer History Museum for the fifteenth Thank you very much. I'd like our audience to hear a little bit from you about whom destiny is into the clouds to you guys. in the markets that we were focused, and as a result, we made two acquisitions in past Negroes have a really strong position with tear one customers in the industrial the consumers to replace. But the fifteenth annual acey GSP grow words. Thank you very much. Thanks for watching.
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