Evertiq - Renesas to acquire Reality AI
Summary
Renesas says that the acquisition will significantly enhance its endpoint AI capability, providing more flexibility and efficiency for system developers to make their products AIoT – Artificial Intelligence of Things – ready and get to market faster. Headquartered in Columbia, Maryland, US, Reality AI offers a range of embedded AI and Tiny Machine Learning (TinyML) solutions for advanced non-visual sensing in automotive, industrial and commercial products. Reality AI’s flagship Reality AI Tools, a software environment built to support the full product development lifecycle, provides analytics from non-visual sensor data. In addition to expanding embedded AI technologies, key IPs, software and tools, the acquisition will bring an AIoT center-of-excellence in Maryland by acquiring Reality AI’s experts. The acquisition of AI technology is an important milestone to address our customers’ emerging requirements for endpoint intelligence,” says Hidetoshi Shibata, President and CEO of Renesas, in a press release.