M&A deal activity in electronic components, equipment, and instruments continues to decline quarter over quarter but remains strong relative to historical levels. Qualcomm acquires Vesper, a developer of piezoelectric microphone products for smartphones, for $160 million on August 31, 2022.
Vesper, a Boston sensor company, appoints Richard Hegberg as CEO as it scales production. Co-founder Matt Crowley becomes chief strategy officer, with the leadership changes intended to support the company’s expanding production capability.
Vesper closes a $16 million financing round led by Accomplice to accelerate growth. Applied Materials Ventures, Bose, and Amazon Alexa Fund also participate, bringing Vesper’s total funding to $73 million.
Vesper raises $8 million to pursue new markets, in a round led by Applied Ventures and joined by Accomplice, Amazon Alexa Fund, Bose Ventures, and Sands Capital. The financing brings the MEMS firm's total funding to $65 million to date.
