Ambarella completes $307.5M acquisition of Oculii; expands into radar perception

AMBARELLA INC

Closed November 5, 2021; Oculii becomes wholly owned subsidiary of Ambarella.
Total consideration ~$307.5M cash, subject to customary adjustments.
Oculii CEO Steven Hong named Ambarella VP & GM, Radar; CTO Lang Hong becomes Fellow.
Oculii's adaptive AI radar software enables up to 100X resolution, longer range, greater accuracy.
Combines Ambarella camera tech with Oculii radar for all-weather, low-cost autonomous perception.

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