Ambarella’s Acquisition of Oculii

Wilson Sonsini Goodrich & Rosati advised Ambarella on the deal.

Ambarella, an AI vision silicon company, announced it has entered into a definitive agreement to acquire Ohio-based Oculii. Oculii’s adaptive AI software algorithms are designed to enable radar perception using current production radar chips to achieve significantly higher (up to 100X) resolution, longer range and greater accuracy. These improvements eliminate the need for specialized high-resolution radar chips, which have significantly higher power consumption and cost than conventional radar solutions. Oculii’s software can be deployed on Ambarella’s existing CVflow® SoCs, operating in conjunction with leading radar RF solutions to increase safety and reliability. 

The acquisition expands Ambarella’s addressable market into radar perception and fusion with its existing edge AI CV perception SoCs for automotive and other IoT endpoint applications, including mobile robotics and security. The fusion of Ambarella’s camera technology and Oculii’s radar software stack provides an all-weather, low-cost, and scalable perception solution, enabling higher levels of autonomy for automotive tier 1s and OEMs globally.

The boards of directors at both companies have approved the transaction, which is subject to customary closing conditions and expected to close during Ambarella’s Q4 FY2022 (ending January 31, 2022).

The Wilson Sonsini team that advised Ambarella in the transaction included: Michael Russell (Picture), Brendan, Ripley Mahan, Emma Sarkisyan, David Lee, Jonathan Brecher, Herbert Fockler, Jennifer Knapp, Barath Chari, Alan Pate, Matt Staples, Daniel Chen, Edward Ruse, Myra Sutanto Shen, Michelle Wallin, Michael Montfort, Jamillia Ferris, Todd Hahn, Baasil Shariff, Rebecca Stuart, Seth Cowell, Josephine Aiello LeBeau, Anne Seymour, James McCann and Martin Sul.

 

Involved fees earner: Josephine Aiello LeBeau – Wilson Sonsini Goodrich & Rosati; Jonathan Brecher – Wilson Sonsini Goodrich & Rosati; Barath Chari – Wilson Sonsini Goodrich & Rosati; Daniel Chen – Wilson Sonsini Goodrich & Rosati; Seth Cowell – Wilson Sonsini Goodrich & Rosati; Jamillia Ferris – Wilson Sonsini Goodrich & Rosati; Herbert Fockler – Wilson Sonsini Goodrich & Rosati; Todd Hahn – Wilson Sonsini Goodrich & Rosati; Jennifer Knapp – Wilson Sonsini Goodrich & Rosati; James McCann – Wilson Sonsini Goodrich & Rosati; Michael Montfort – Wilson Sonsini Goodrich & Rosati; Alan Pate – Wilson Sonsini Goodrich & Rosati; Brendan Ripley Mahan – Wilson Sonsini Goodrich & Rosati; Edward Ruse – Wilson Sonsini Goodrich & Rosati; Michael Russell – Wilson Sonsini Goodrich & Rosati; Emma Sarkisyan – Wilson Sonsini Goodrich & Rosati; David Seoho Lee – Wilson Sonsini Goodrich & Rosati; Anne Seymour – Wilson Sonsini Goodrich & Rosati; Baasil Shariff – Wilson Sonsini Goodrich & Rosati; Matt Staples – Wilson Sonsini Goodrich & Rosati; Rebecca Stuart – Wilson Sonsini Goodrich & Rosati; Martin Sul – Wilson Sonsini Goodrich & Rosati; Myra Sutanto Shen – Wilson Sonsini Goodrich & Rosati; Michelle Wallin – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Ambarella Inc.;

Martina Bellini

Author: Martina Bellini