In a significant industry move, 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, the two companies will combine to address the growing global industrial and consumer markets in high-performance intelligent vision. The two companies’ unique combined technology, expertise, and customer portfolio will create the world’s first fully neuromorphic, end-to-end sensing and processing company. The deal will enable the combined organization 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.”