Renesas Electronics Corporation, a provider of advanced semiconductor solutions, announced the completion of the acquisition of Reality Analytics, Inc., a provider of embedded AI solutions. The deal closed on July 19, 2022, following Reality AI shareholders and required regulatory approval.
Headquartered in Columbia, Maryland, USA, Reality AI offers a broad range of embedded AI and Tiny Machine Learning (TinyML) solutions for advanced non-visual sensing in automotive, industrial and commercial products.
Combining Reality AI's best-in-class AI inference technologies with Renesas' extensive MCU and MPU product portfolios will enable the seamless implementation of machine learning and signal processing.
The acquisition will enable Renesas to expand its suite of tools and software offerings for AI applications and increase its internal capacity to provide highly optimized endpoint solutions that combine hardware and software.
Renesas will continue to accelerate the delivery of endpoint intelligence across a wide range of IIoT (Industrial IoT), consumer and automotive applications. Renesas MCU/MPU platforms with machine learning algorithms will significantly improve system development, providing customers with an unparalleled developer experience to prepare their applications for AIoT (Artificial Intelligence of Things) and help them get to market faster .
With the completion of the acquisition, Reality AI has become a wholly owned indirect subsidiary of Renesas. Renesas now has Reality AI's team of AI experts and an AIoT research and development center of excellence in Maryland, USA. As an AIoT solutions provider, Renesas will continue to meet the needs of customers looking to implement AI solutions with its expanded global network of software engineer talent.
