STMicroelectronics (NYSE: STM), a Geneva, Switzerland-based semiconductor company serving customers across the spectrum of electronics applications, acquired Cartesiam, a Toulon, France-based Edge AI software specialist.
The amount of the deal – subject to regulatory approvals – was not disclosed.
The transaction includes the assets (including its IP portfolio) and employees of Cartesiam.
With this acquisition, STMicroelectronics reinforces its AI strategy and strengthens its technology portfolio to address the full spectrum of embedded machine-learning needs.
Founded in 2016, Cartesiam specializes in artificial intelligence (AI) development tools enabling machine-learning and inferencing on Arm®-based microcontrollers, which today power billions of devices. Its team includes data scientists and embedded signal processing experts, with experience in delivering standard and custom solutions. Its flagship and patented solution, NanoEdge™ AI Studio, allows embedded systems designers without prior knowledge in AI to develop specialized libraries integrating machine-learning algorithms directly into a broad range of applications. Devices leveraging Cartesiam’s technology are already in production around the world included inside connected devices, household appliances, and industrial machines.
The NanoEdge™ AI Studio solution is fully complementary to STMicroelectronics’ STM32Cube.AI toolset and will provide STMicroelectronics’ customers with additional flexibility to integrate machine-learning into their solution.
FinSMEs
22/05/2021