QuickLogic Acquires SensiML SaaS AI Company

The SensiML Analytics Toolkit enables the practical application of local Artificial Intelligence (AI) in edge / endpoint devices and applications.

QuickLogic Corporation, a developer of ultra-low power multi-core voice-enabled SoCs, embedded FPGA IP, and Endpoint AI solutions, announced that it has acquired SensiML Corporation.  Under the terms of the agreement, the details of which are not disclosed, QuickLogic will fund the acquisition in shares of common stock.  SensiML will operate as a division of QuickLogic and continue to develop, expand, and optimize its platform-independent software solutions to support SoCs from other semiconductor companies as well as QuickLogic SoCs, QuickAI™ Platforms and licensees of QuickLogic’s ArcticPro™ embedded FPGA IP (eFPGA).

Initiated as a software group within Intel® Corporation, SensiML’s founders acquired the technology and formed SensiML as an independent company in 2017.  SensiML has since developed strategic and ongoing SaaS (Software as a Service) contracts with customers in its targeted IoT and consumer markets.

Read More: 2018 Was a Year of ‘Disruptive HR Transitions’: Tjinsite’s Yearend Conclusion

Over six years in the making, the SensiML Analytics Toolkit is an end-to-end software suite that provides OEMs a straightforward process for developing pattern matching sensor algorithms using machine learning (AI) technology that are optimized for ultra-low power consumption.  The SensiML Analytics Toolkit enables OEMs to quickly and easily leverage the power of local AI in edge, endpoint and wearable designs without the need for significant Data Science or Firmware Engineering resources.

The SensiML Analytics Toolkit automatically optimizes AI models to minimize power consumption in targeted SoCs and is designed specifically to leverage the inherent benefits of heterogeneous multi-core SoC architectures and eFPGA technology.  The processor and silicon platforms currently supported by the SensiML Analytics Toolkit include:

Heterogeneous core SoCs

• QuickLogic QuickAI Platform
• QuickLogic EOSAI (soon to be announced)

Arm® Cortex®-M architecture SoCs with CMSIS DSP library optimizations

• Nordic Semiconductor nRF52
• STMicro STM32

Arm Cortex-A architecture SoCs with CMSIS DSP library optimizations

• Raspberry Pi 3

X86 architecture

• Intel® Atom®, Core microprocessors

Read More: Interview with Megan Kvamme, CEO at FactGem

“From its inception, SensiML has focused on enabling the practical and efficient implementation of AI by companies that don’t have the significant data science resources commonly required to respond to the increasing market demand for localized AI,” said Chris Rogers, CEO of SensiML.  “QuickLogic shares our vision that the SensiML Analytics Toolkit, which allows companies to quickly and easily leverage the benefits of AI in their designs, should remain processor-independent.  By joining forces with QuickLogic, we believe we will accelerate our quest to democratize the benefits of localized AI across a vast number of applications.”

Read More: WORBLI Calls 2018 the Year of Substantive Growth in Blockchain and Predicts Global Expansion in 2019

“With the acquisition of SensiML, we have added a stream of SaaS revenue that we anticipate will grow significantly in the coming years as well as new points of leverage for our core semiconductor and IP businesses,” said Brian Faith, President and CEO of QuickLogic.  “The SensiML Analytic Toolkit is a unique solution that addresses what we believe is a pent-up demand to incorporate the benefits of local AI in a wide variety of consumer, edge and endpoint devices.  In many of these applications our proprietary ArcticPro eFPGA IP can play a critical role by enabling end-product designs to adapt to changes in accelerator algorithms that are driven by the integrated AI capabilities of our now complete end-to-end solution.”

Webcast and Conference Call

QuickLogic will host a webcast and conference call January 4, 2019 at 8:00 a.m. Pacific Standard Time (11:00 a.m. Eastern Standard Time) to discuss details of the transaction. To access this call, dial US toll free: 1-877-704-4237 / International: 1-201-493-6718.

Read More: OneLogin Appoints Courtney Harrison as Chief Human Resources Officer