Renesas Electronics (TSE: 6723), a global supplier of semiconductor solutions, today announced that, after obtaining approval from Reality AI’s shareholders and regulators, on July 19, 2022, it has completed the acquisition of Reality Analytics, an excellent provider of embedded AI solutions, Inc. (Reality AI) acquisition.
Headquartered in Columbia, Maryland, USA, Reality AI provides a broad range of embedded AI and Tiny Machine Learning (TinyML) solutions for advanced non-visual sensing in automotive, industrial and consumer products. Combining Reality AI’s superior AI inference technology with Renesas’ wide range of MCU and MPU products will enable seamless integration of machine learning and signal processing. The acquisition will enable Renesas to expand its suite of tools and software products for artificial intelligence applications and enhance Renesas’ own ability to provide highly optimized hardware-software endpoint solutions.
Renesas will continue to accelerate the delivery of endpoint intelligence in a wide variety of application areas such as IIoT (Industrial Internet of Things), consumer and automotive applications. The Renesas MCU/MPU platform with machine learning algorithms will significantly enhance system development, providing customers with an unparalleled development experience to get their applications AIoT (Artificial Intelligence Internet of Things) ready and faster to market.
After the acquisition, Reality AI became an indirect wholly-owned subsidiary of Renesas Electronics. Renesas currently has a team of artificial intelligence experts from Reality AI and an AIoT R&D Center of Excellence in Maryland, USA. As an excellent AIoT solution provider, Renesas Electronics will continue to meet the needs of customers seeking artificial intelligence solutions through a growing global team of software engineers.