FotoNation Founders Complete Management Buyout of Chip-level Imaging Business
November 12, 2024
FotoNation's founders and senior management have completed a management buyout of the company’s chip-level hardware, firmware and imaging business, returning control to longtime executives. The move reunites FotoNation's leadership to focus on next-generation edge AI imaging (chiplets, ultra-low-power inference) and to target markets including surveillance, IP cameras, drones and mobile devices; the assets were divested by Tobii following its earlier acquisition of Xperi’s imaging business.
- Buyers
- Petronel Bigioi, Sumat Mehra, Eran Steinberg
- Targets
- FotoNation
- Sellers
- Tobii AB
- Industry
- AI & Machine Learning
- Location
- County Galway, Ireland
- Transaction Type
- Buyout
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