Qualcomm to boost AI and IoT capabilities with Edge Impulse acquisition
At Embedded World, Qualcomm Technologies unveiled that the company had entered into an agreement to acquire EdgeImpulse Inc., which will enhance its offering for developers and expand its AI capabilities to power AI-enabled products and services across IoT.
This acquisition is expected to complement Qualcomm’s approach to IoT transformation, which includes a comprehensive chipset roadmap, unified software architecture, a suite of services, developer resources, ecosystem partners, comprehensive solutions, and IoT blueprints to address diverse industry needs and challenges. The closing of this deal is subject to customary closing conditions.
“We are thrilled about the opportunity to significantly enhance our IoT offerings with Edge Impulse’s advanced AI-powered end-to-end platform that will complement our strategic approach to IoT transformation,” says Nakul Duggal, group general manager, automotive, industrial and embedded IoT, and cloud computing, Qualcomm Technologies, in a press release. “We anticipate that this acquisition will strengthen our leadership in AI and developer enablement, enhancing our ability to provide comprehensive technology for critical sectors such as retail, security, energy and utilities, supply chain management, and asset management.”
No further financial details regarding the deal have been made official.
