Venturelab's alumni iniVation and SynSense join forces to form leading neuromorphic technology provider
07.02.2024
iniVation, the leading neuromorphic vision sensing provider, was acquired by SynSense, the foremost ultra-low-power neuromorphic processing company. With a shared origin, the two companies will combine to address the growing global industrial and consumer markets in a high-performance intelligent vision.
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IniVation and SynSense’s unique combined technology, expertise, and customer portfolio will create the world’s first fully neuromorphic, end-to-end sensing and processing company. The deal will enable the combined organization to coherently address customer needs for vision sensors, stand-alone processors, and integrated compute-in-sensor devices, in markets including consumer electronics, robotics, aerospace, and automotive.
The deal is structured as an acquisition of 100% of iniVation shares by the SynSense parent company, to be known as the SynSense Group. The existing iniVation entity based in Zurich will continue to operate, and all existing customers will continue to be served in the same way, ensuring continuity in all customer and partner relationships for both iniVation and SynSense.
IniVation participated in Venture Leaders Mobile in 2020 and SynSense in Venture Leaders Mobile in 2019 and won the first stage of Venture Kick in 2016.
"The Venture Leaders Mobile 2020 was an amazing experience, well organized, with super valuable business events, and a fantastic atmosphere in an incredibly rich ecosystem environment. The sailing race was absolutely an unforgettable highlight," commented Eng Kynan, CEO and Co-founder of iniVation.
"The Venture Leaders Mobile 2019 roadshow was a great opportunity for us to connect with potential new customers and partners, who could help us expand our integrated secure messaging solution across Europe. Moreover, we met some interesting investor leads who showed great interest in our business. It is worthless to mention I had a lot of fun with the entire crew and shared great entrepreneurial learnings with my peers," highlighted Ning Qiao, Co-founder and CEO of SynSense.
iniVation team