Xperi Inc., an entertainment technology company, has entered into an asset purchase agreement with Amazon.com Services LLC to sell substantially all of the assets and certain liabilities of Perceive Corporation, a subsidiary focused on edge inference hardware and software technologies, for a gross amount of $80m in cash.
“Since Perceive’s inception, the landscape for edge inference technology has evolved, and Perceive, through the skill of its leaders and engineers, has adapted to this rapidly changing environment, said Jon Kirchner, chief executive officer of Xperi.
“We are pleased to have found a suitable home for Perceive, its employees, and its technology. We are excited that Amazon will be able to take the technology to the next level, which we believe has significant potential.”
The transaction is expected to close by the end of the calendar year, subject to customary closing conditions.
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