Zurich/Chengdu – SynSense and iniVation, two companies specializing in neuromorphic computing, are joining forces. SynSense acquires 100 percent of the shares in iniVation.
SynSense and iniVation are joining forces, according to a press release, to become a leading provider of neuromorphic technology. SynSense, headquartered in Chengdu and Zurich, specializes in neuromorphic processing with extremely low power consumption. iniVation develops neuromorphic image processing systems for demanding applications in the fields of robotics, consumer electronics, autonomous vehicles and aerospace. Neuromorphic systems use models of the human nervous system.
The transaction involves the acquisition of 100 percent of iniVation shares by the SynSense Group. The existing iniVation unit based in Zurich will continue to operate. All customers will continue to be serviced in the same manner, ensuring continuity in all customer and partner relationships for both iniVation and SynSense, stated SynSense in the announcement.
In a joint statement, Ning Qiao, CEO of SynSense Group, and Kynan Eng, CEO of iniVation, explain the reasons for the acquisition. "Our activities have long complemented each other, and with this acquisition, we continue our shared goal of revolutionizing edge sensing and computing. With our combined technology, expertise, and market access, we look forward to bringing a new class of highly efficient, high-performance intelligent systems to numerous markets," explain the CEOs.
SynSense was founded in 2017 and is a spin-off from the Institute of Neuroinformatics at the University of Zurich and the Swiss Federal Institute of Technology in Zurich (ETH). In 2020, the company relocated its headquarters to Chengdu in China, but still maintains an office in Zurich. ce/gba