Infineon Technologies has announced that it has acquired Stockholm-based start-up Imagimob LTD., a leading platform provider that enables the development of machine learning (ML) solutions on edge devices. With this acquisition, Infineon further strengthens its position as a provider of world-class machine learning solutions and significantly expands its AI product lineup. Imagimob provides an end-to-end machine learning tool chain that is highly flexible, easy to use, and focused on delivering production-level ML models. Infineon will buy 100 percent of the company, and both sides have agreed not to disclose the exact amount of the deal.
"Artificial Intelligence (AI) and machine learning will enter all kinds of embedded applications at scale and bring new capabilities," said Thomas Rosteck, president of Infineon Technologies' Secure Connected Systems Business group. With Imagimob's outstanding platform and its expertise in developing powerful machine learning solutions for edge devices, we will be able to further strengthen our capabilities and take our products to new levels of control and energy efficiency while protecting the privacy of our users. In addition, based on a combination of advanced sensors and iot solutions, we are able to help our customers take full advantage of AI/machine learning to bring their products to market quickly."
"Combining with Infineon, we are able to accelerate product and technology development for our customers, enable new applications, and help our customers differentiate themselves in the marketplace," said Anders Hardebring, co-founder and CEO of Imagimob. As a global semiconductor leader in power systems and the Internet of Things, Infineon has deep application expertise and a broad product portfolio. To become an important part of the Infineon ecosystem, enabling us to efficiently and securely deploy and implement advanced sensing and control in the iot environment."
Imagimob is a leader in the rapidly growing micro machine learning and Automatic Machine learning (AutoML) market, dedicated to providing an end-to-end development platform for machine learning for edge devices. Imagimob's platform supports use cases such as audio event detection, voice control, predictive maintenance, gesture recognition, signal classification, material detection, and will further expand Infineon's hardware and software ecosystem. Combining their expertise and applying it to a complete sensor portfolio will provide existing customers of both companies with a unified user experience across products, enable rapid deployment of powerful solutions, and accelerate the spread of micro machine learning across all applications and domains.
