Tempo Automation
Tempo Automation was a San Francisco-based software-accelerated electronics manufacturer specializing in rapid prototyping and low-volume printed circuit board assembly (PCBA). Founded in 2013 by Jeff McAlvay, Jesse Koenig, and Shashank Samala, the company built a connected smart factory paired with a proprietary software platform that automated quoting, design-for-manufacturing checks, scheduling, and traceability for complex electronics. Customers spanned aerospace, defense, medtech, semiconductor, industrial, and automotive verticals (including Lockheed Martin, NASA/JPL, and various Fortune 500 OEMs). Tempo went public on Nasdaq in November 2022 via a SPAC merger with ACE Convergence Acquisition Corp. under the ticker TMPO, but struggled almost immediately with low post-merger cash, missed revenue, late SEC filings, and a default notice from senior lenders. Nasdaq commenced delisting in October 2023 (shares moved to OTC as TMPOQ), and Tempo Automation Holdings, Inc. and its operating subsidiary filed Chapter 7 liquidation in the U.S. Bankruptcy Court for the District of Delaware on December 8, 2023.
Public Company
Tempo Automation is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
Defunct
Total Funding
$73M
3 rounds
Funding
Total raised $73M across 3 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 05-15-2026
Latest Round
Type
Series C
Date
May 14, 2019
Amount
$45M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| May 14, 2019 | Series C | $45M | — | Point72 Ventures |
| April 17, 2018 | Series B | $20M | — | Point72 Ventures |
| 2015 | Series A | $8M | — | Lux Capital |
Prominent Investors
Leadership
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
MacroFab
Houston-based digital electronics manufacturing platform offering on-demand PCB assembly via a network of contract factories; closest direct competitor to Tempo's software-driven model.
Sierra Circuits
Sunnyvale-based vertically integrated PCB fabrication and assembly house (founded 1986) serving aerospace, defense, automotive, healthcare, and industrial customers.
Advanced Circuits
Aurora, Colorado PCB fabricator and assembler offering quick-turn prototyping; long-standing U.S. low-volume manufacturer competing with Tempo's value proposition.
Screaming Circuits
Canby, Oregon-based subsidiary of Milwaukee Electronics specializing in prototype and short-run PCB assembly with online ordering; a long-standing rival in quick-turn assembly.
Bittele Electronics
Toronto-based turnkey PCB assembly provider focused on low- to mid-volume orders for hardware startups and OEMs.
PCBWay
China-based online PCB fabrication and assembly platform offering low-cost rapid prototyping, widely used by hardware developers worldwide.
Tempo Automation Investment FAQ
Tempo Automation FAQ
Tempo Automation went public on Nasdaq on November 23, 2022 via a SPAC merger with ACE Convergence Acquisition Corp. (announced October 14, 2021 at a ~$919M estimated post-transaction equity value). The combined company traded as Tempo Automation Holdings, Inc. under tickers TMPO (common) and TMPOW (warrants). Heavy SPAC redemptions left the company severely undercapitalized; despite a $100M committed equity facility from White Lion Capital, Tempo missed its Q2 2023 10-Q filing, received a default notice from senior lenders in September 2023 (~$29.7M owed), commenced Nasdaq delisting in October 2023 (moved to OTC as TMPOQ), and filed Chapter 7 liquidation on December 8, 2023 in the U.S. Bankruptcy Court for the District of Delaware. The company is now defunct.
Tempo Automation shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Tempo Automation raised $73M across 3 disclosed funding rounds prior to its public listing.
Tempo Automation was co-founded by Jeff McAlvay, Jesse Koenig, and Shashank Samala in 2013.
Tempo Automation is headquartered in San Francisco, CA.
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