M&A Deal Summary

Renesas Electronics Acquires Reality AI

On June 8, 2022, Renesas Electronics acquired software company Reality AI

Acquisition Highlights
  • This is Renesas Electronics’ 1st transaction in the Software sector.
  • This is Renesas Electronics’ 3rd transaction in the United States.
  • This is Renesas Electronics’ 1st transaction in Maryland.

M&A Deal Summary
Date 2022-06-08
Target Reality AI
Sector Software
Buyer(s) Renesas Electronics
Deal Type Add-on Acquisition

Target

Reality AI

Columbia, Maryland, United States
Reality AI is a provider of embedded AI solutions that offers a wide range of embedded AI and Tiny Machine Learning (TinyML) solutions for advanced non-visual sensing in automotive, industrial and commercial products. Reality AI is based in Columbia, Maryland.

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Buyer(S) 1

Buyer

Renesas Electronics

Tokyo, Japan
Category Company
Founded 2002
Sector Semiconductors
Employees21,204
Revenue 1.47T JPY (2023)
DESCRIPTION

Renesas Electronics delivers semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. Renesas is a global supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Renesas Electronics was founded in 2002 and is based in Tokyo, Japan.

DEAL STATS #
Overall 6 of 10
Sector (Software) 1 of 2
Type (Add-on Acquisition) 5 of 9
State (Maryland) 1 of 1
Country (United States) 3 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Celeno

Ra'anana, Israel

Celeno offers a wide range of wireless communication solutions, including advanced Wi-Fi chipsets and software solutions, for high-performance home networks, smart buildings, enterprise, and industrial markets. Its industry’s most compact chipset offerings for Wi-Fi 6 and 6E deliver exceptional Wi-Fi network performance and increased security with low latency and low power consumption. The company's breakthrough Wi-Fi Doppler Imaging technology, a Wi-Fi based, high-resolution imaging technology is ideal for home elderly care and assisted living, home security, safe driving and digital and connected factories. It depicts, tracks and analyzes the motion, behavior and location of people and objects using standard Wi-Fi, eliminating the need for multiple cameras or sensors in home environments and commercial buildings. Celeno was formed in 2005 and is based in Ra'anana, Israel.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-31 Steradian

Bangalore, India

Steradian is a fabless semiconductor company that builds 4D Imaging Radar Products in the Milli-Meter wave band for the worldwide Automotive and Driver Assistance Market. The company is developing Radar Transceiver and complete Radar Sensor Systems for Imaging Radar. Steradian builds all the components of the Radar Systems including the RF/Digital Mixed Signal Radar Transceiver, FPGA/ASIC-based Radar Signal Processing, Solution PCB, and Integrated Antennas. It is a fully funded start-up - hiring aggressively over the next couple of quarters in the domains of Antenna Design & DSP. Steradian was formed in 2016 and is based in Bangalore, India.

Buy -
Mergr

Product

Company

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