Ambarella Acquires Oculii
October 26, 2021
Ambarella, Inc. agreed to acquire Oculii Corporation, an Ohio-based developer of adaptive AI radar perception algorithms, to expand Ambarella's edge AI and sensor-fusion capabilities for automotive and other IoT endpoint applications. The acquisition adds Oculii's radar software (which can boost resolution of conventional radar chips) to Ambarella's CVflow SoC portfolio and is expected to close in Ambarella's Q4 FY2022.
- Buyers
- Ambarella, Inc.
- Targets
- Oculii Corporation
- Industry
- AI & Machine Learning
- Location
- Ohio, United States
- Transaction Type
- Buyout
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