SynSense acquires iniVation

07 February 2024 10:47

Zurich CCGreater ZurichSwissCham Hong Kong

Zurich/Chengdu - Two companies that specialize in neuromorphic computing, SynSense and iniVation, are joining forces. SynSense has acquired 100 per cent of iniVation’s shares.

SynSense and iniVation have joined forces to become the leading provider of neuromorphic technology, according to a press release. SynSense, which is based in Chengdu and Zurich, specializes in ultra-low-power neuromorphic processing. iniVation develops neuromorphic vision systems for demanding applications in robotics, consumer electronics, autonomous vehicles and aerospace. Neuromorphic systems use models from the human nervous system.

The SynSense Group has acquired 100% of iniVation shares in the transaction. The existing iniVation entity located in Zurich will continue to operate. The new company will continue to serve customers in the same way, ensuring continuity in all customer and partner relationships for both iniVation and SynSense, explains the SynSense press release.

In a joint statement, Ning Qiao, CEO of the SynSense Group, and Kynan Eng, CEO of iniVation, explain the reasons for the acquisition: “Our activities have long been complementary, and this deal continues our shared goal of revolutionizing 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 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). The company moved its headquarters to Chengdu in China in 2020, but continues to operate an office in Zurich. ce/gba 

Swiss Pavilion Digital

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