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M&A Deal Summary

Amazon Acquires Perceive

On August 16, 2024, Amazon acquired technology hardware company Perceive from Xperi for 80M USD

Acquisition Highlights
  • This is Amazon’s 5th transaction in the Technology Hardware sector.
  • This is Amazon’s 18th largest (disclosed) transaction.
  • This is Amazon’s 56th transaction in the United States.
  • This is Amazon’s 22nd transaction in California.

M&A Deal Summary
Date 2024-08-16
Target Perceive
Sector Technology Hardware
Buyer(s) Amazon
Sellers(s) Xperi
Deal Type Divestiture
Deal Value 80M USD

Target

Perceive

San Jose, California, United States
Perceive is a semiconductor company that develops the “Ergo” AI inference processor designed to run large models efficiently on edge devices, enabling applications like speech‑to‑text, object recognition, and multitasking neural networks in low‑power settings. Perceive was formed in 2018 and is based in San Jose, California.

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Buyer(S) 1

Buyer

Amazon

Seattle, Washington, United States
Category Company
Founded 1994
Sector E-Commerce
Employees1,525,000
Revenue 638.0B USD (2024)
DESCRIPTION
Amazon office building in downtown Seattle, Washington.
Amazon office building in downtown Seattle, Washington.

Amazon is an e-commerce retailer and provider of web services. Amazon enables millions of products to be sold through its website and by third parties across a variety of product categories. Customers access Amazon directly and through mobile websites and apps. Amazon was founded in 1994 and is based in Seattle, Washington.

DEAL STATS #
Overall 79 of 80
Sector: Technology Hardware M&A 5 of 6
Type: Divestiture M&A Deals 4 of 4
State: California M&A 22 of 23
Country: United States M&A 56 of 57
Year: 2024 M&A 1 of 1
Size (of disclosed) 18 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-28 Fig

San Francisco, California, United States

Fig is a software startup that developed a terminal‑enhancement platform offering autocomplete, shared scripts, and collaborative CLI tools for developers. The Company was formed in 2020 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-22 Bee

San Francisco, California, United States

Bee is a wearable AI device designed to transform daily conversations, tasks, and moments into actionable insights, summaries, and reminders. It features dual microphones with advanced noise filtering, supports up to seven days of battery life, and can be worn on a wristband or clipped to clothing. Bee is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Xperi

San Jose, California, United States
Category Company
Sector Software
Employees1,620
Revenue 494M USD (2024)
DESCRIPTION

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. The company's technologies, delivered via its brands (DTS, HD Radio, IMAX Enhanced, Invensas, TiVo), and by its startup, Perceive, make entertainment more entertaining, and smart devices smarter. Its technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide, driving increased value for partners, customers and consumers. Xperi is based in San Jose, California.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Tobii - AutoSense & Imaging Business

Danderyd, Sweden

Tobii - AutoSense & Imaging Business provides cabin safety business.

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