Intevac
Market and technology leader in the hard drive industry and leading developer of advanced high-sensitivity digital sensors, cameras and systems.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | $119m Valuation: $119m 1.9x EV/Revenue -7.6x EV/EBITDA | Acquisition | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (16 %) | 14 % | (10 %) | (61 %) | (7 %) | 47 % | 21 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | 4 % | 3 % | (58 %) | (46 %) | (22 %) | (25 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 4 % | 1 % | 1 % | 69 % | (48 %) | (23 %) | (62 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 18 % | 13 % | 14 % | 32 % | 38 % | 29 % | 23 % |
Source: Company filings or news article
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Intevac was founded in 1991 by Norman H. Pond, emerging as a spin-off from Varian Associates. The company carved a niche in the technology sector with its focus on thin-film equipment and photonics. These technologies found applications in various industries, including data storage and digital imaging, positioning Intevac as a leader in its field.
In 1995, Intevac went public, marking a significant milestone in its journey. This move not only provided the company with the capital needed to expand its operations but also increased its visibility in the competitive tech market. Over the years, Intevac continued to innovate, maintaining its reputation for cutting-edge technology solutions.
The company's journey took a pivotal turn in 2025 when Seagate Technology Holdings, a global leader in data storage solutions, announced its acquisition of Intevac. This acquisition, completed in March 2025, was a strategic move by Seagate to enhance its technological capabilities and expand its market reach. For Intevac, joining forces with Seagate opened new avenues for growth and development, leveraging Seagate's extensive resources and global presence.
Intevac's story is one of innovation, resilience, and strategic growth. From its inception as a small spin-off to becoming part of a global technology leader, Intevac exemplifies the dynamic nature of the tech industry and the opportunities that arise from strategic partnerships and acquisitions.