Ambarella, Inc. today announced it has entered into a definitive agreement to acquire Ohio-based Oculii Corporation. Oculii’s adaptive AI software algorithms are designed to enable radar perception using current production radar chips to achieve significantly higher (up to 100X) resolution, longer range and greater accuracy.
SANTA CLARA, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE)
Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced it has entered into a definitive agreement to acquire Ohio-based Oculii Corporation (“Oculii”). Oculii’s adaptive AI software algorithms are designed to enable radar perception using current production radar chips to achieve significantly higher (up to 100X) resolution, longer range and greater accuracy. These improvements eliminate the need for specialized high-resolution radar chips, which have significantly higher power consumption and cost than conventional radar solutions. Oculii’s software can be deployed on Ambarella’s existing CVflow® SoCs, operating in conjunction with leading radar RF solutions to increase safety and reliability.
The acquisition expands Ambarella’s addressable market into radar perception and fusion with its existing edge AI CV perception SoCs for automotive and other IoT endpoint applications, including mobile robotics and security. The fusion of Ambarella’s camera technology and Oculii’s radar software stack provides an all-weather, low-cost and scalable perception solution, enabling higher levels of autonomy for automotive tier 1s and OEMs globally.
“The Oculii team brings great synergies with Ambarella’s algorithm-first approach and our ongoing initiatives to intelligently fuse sensor data in edge AI systems,” said Fermi Wang, president and CEO of Ambarella. “We expect Oculii’s unique adaptive radar perception algorithms, combined with Ambarella’s vision and AI processing, to unlock greater levels of perception accuracy than previously attainable with discrete camera and radar solutions.”………
To read more: Ambarella to Acquire Oculii; Radar Perception AI Algorithm Global Leader
You can also read on:
Ambarella to Acquire Oculii for $307.5 Million
Ambarella to acquire Oculii and expand into radar & sensor fusion
AI software specialist Oculii to be acquired by Ambarella
Ambarella to acquire Oculii for $307m
Ambarella agrees to acquire Oculii; terms undisclosed
