We are excited to announce that SynSense, the foremost ultra-low-power neuromorphic processing company, will join forces with iniVation, the original and leading neuromorphic vision sensing provider! With a shared origin and history of successful collaboration, our companies will combine to address growing industrial and consumer markets in high-performance intelligent vision. The deal will enable us to coherently address customer needs for vision sensors, stand-alone processors, and integrated compute-in-sensor devices, in markets including consumer electronics, robotics, aerospace, and automotive. The deal is structured as an acquisition of 100% of iniVation shares by the SynSense parent company, to be known as the SynSense Group. The existing iniVation entity based in Zurich will continue to operate, and all existing customers will continue to be served in the same way, ensuring continuity in all customer and partner relationships for both iniVation and SynSense. In a joint statement, SynSense Group CEO Dr Ning Qiao, and current iniVation CEO Dr Kynan Eng, explained the rationale behind the deal. “We are very excited to announce this next big step in our journey together. Our activities have long been complementary, and this deal continues our shared goal of revolutionizing edge sensing and computing. With our combined technology, know-how and market access, we are looking forward to bringing a new class of ultra-efficient, high-performance intelligent systems to multiple markets.” #SynSenseGroup #SynSense #iniVation #Neuromorphic #vision #processing
I see, so this was the breaking news that you had to keep quite about the other day Kynan Eng 😉 . Sounds like a good idea to join forces with SynSense. Congratulations for getting to this deal!
Nice post, please could yoy give me more information about this? I'm interesting in AR/VR devices.
Congrats Kynan Eng
Congratulations!
Congratulations to our Samsung Catalyst Fund portfolio company iniVation for their acquisition by SynSense! Good luck Kynan Eng, Dr. Sven-Erik Jacobsen, Tobi Delbruck and team as you embark on your next chapter 💪