// startup autopsy
Anadigm
Programmable analog chips that found no programmable market
marketfitSilent Shutdown
Quiet closure with no public announcement · Fatal mistake: Bet on programmable analog as a broad market opportunity when the actual addressable market was too small and fragmented to sustain a standalone company.
Key Events Timeline
FOUNDING
Anadigm founded in the UK to commercialize dynamically reconfigurable analog IC technology.
FUNDING
Series A and B funding secured to develop and tape out first dpASP chip products.
FUNDING
Final funding round reaches $15M total; company pushes commercial sales of programmable analog chips.
PRODUCT LAUNCH
Anadigm releases updated dpASP product family targeting industrial and telecom applications but wins few design-ins.
SHUTDOWN
Anadigm ceases operations after failing to grow revenue beyond niche early adopters; company closes quietly.