SynSense, an ultra-low-power neuromorphic processing company, is set to join forces with iniVation, a neuromorphic vision sensing firm, by purchasing 100% of iniVation's shares.
The strategic move aims to bring together the two companies’ expertise, technology, and customer bases to create the world’s first fully neuromorphic, end-to-end sensing and processing company, according to SynSense.
Neuromorphic vision sensors, also known as event-based vision sensors, rely on a different way of capturing image data compared to conventional sensor technology. Instead of each pixel monitoring a scene at a fixed rate, neuromorphic vision sensors operate independently and asynchronously at extreme speeds, only recording changes within the scene when they occur.
Compared to traditional sensors which see each pixel monitor a scene at a fixed rate, event-based vision sensors operate independently at extreme speeds (Image: Prophesee)
This results in significant reductions in power requirements, data processing requirements, and latency. Such characteristics make neuromorphic vision sensors useful in applications such as automation and monitoring, mobility, medicine and AR/VR.
What does it mean for the firms?
SynSense – who have brought technology to customers such as its spec demo kit for event-based neuromorphic vision – says the move will also allow both firms to tap into the growing global industrial and consumer markets, focusing on high-performance intelligent vision solutions.
In doing so, they’ll aim to address customer needs for vision sensors, stand-alone processors, and integrated compute-in-sensor devices, in markets such as consumer electronics, robotics, aerospace, and automotive.
In a joint statement, SynSense Group CEO, Dr. Ning Qiao, and iniVation CEO, Dr. Kynan Eng, stated their excitement about the partnership: "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 revolutionising 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."
SynSense says iniVation’s operations will continue to be based in Zurich, and all existing customers will continue to be served in the same way to provide continuity in all customer and partner relationships.
