After raising a total of $38 million in venture capital funding since the company’s founding in 2004, MEMS gyro maker InvenSense has filed for IPO this week. The company’s main focus has been MEMS gyro sensors for consumer application segments such as console and portable video gaming devices, digital television and set-top box remote controls, handset and tablet devices, remote controlled toys and other household consumer and industrial devices.
InvenSense is reporting that it has shipped over 60 million units of their products. The company’s net revenue was $7.8 million, $29.0 million and $79.6 million for fiscal years 2008, 2009 and 2010, respectively. For fiscal year 2010, net income was $15.1 million and net cash provided by operating activities was $20.2 million.
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