October 26, 2021
Ambaralla, which develops AI vision silicon, has announced it will acquire Ohio-based Oculii Corporation. Oculii’s adaptive AI software algorithms are designed to enable radar perception with current production radar chips to achieve significantly higher (up to 100x) resolution, longer range, and greater accuracy.
The company said these improvements eliminate the need for specialized high-resolution radar chips, which have significantly higher power consumption and cost more than conventional radar solutions. Oculii’s software can be deployed on Ambarella’s existing CVflow system-on-chips (SOCs), operating in conjunction with leading radar RF solutions to increase safety and reliability.
The acquisition will expand Ambarella’s addressable market into radar perception and fusion with its existing edge AI CV perception SoCs for automotive and other IoT endpoint applications, including mobile robotics and security. The combination of Ambarella’s camera technology with Oculii’s radar software stack will provide an all-weather, low-cost and scalable perception solution, enabling higher levels of autonomy for automotive Tier 1 companies and OEMs globally.
“The Oculii team brings great synergies with Ambarella’s algorithm-first approach and our ongoing initiatives to intelligently fuse sensor data in edge AI systems,” said Fermi Wang, president and CEO of Ambarella. “We expect Oculii’s unique adaptive radar perception algorithms, combined with Ambarella’s vision and AI processing, to unlock greater levels of perception accuracy than previously attainable with discrete camera and radar solutions.”
Oculii said its resolution and sensitivity can unlock potential for things such as advanced driver-assistance systems, autonomous vehicles, robots and security, by providing radar with a dynamic waveform that uses AI to learn from and adapt to the environment. The result is an extended operating range of up to 400 meters with a wide field of view. Oculii said it is engaged with 10 of the top 15 Tier 1s on software licensing, and has commercial contracts with leading OEM and AV companies.
“Joining Ambarella will enable Oculii to expand the development of our radar technology while leveraging our synergies as part of this leading vision and AI processor company,” said STeven Hong, CEO of Oculii. “We look forward to working with our customers and silicon partners to deliver complete AI perception solutions, based on the combined strengths of our innovative engineering teams and advanced radar and computer vision technologies.”
The transaction is subject to customary closing conditions, and is expected to close during Ambarella’s Q4 FY2022 (ending Jan. 31, 2022).