Hillcrest Labs has over 15 years’ experience in sensor processing and has shipped more than 100 million devices. The company is a leading innovator in data fusion from multiple sensors in intelligent systems. The resulting algorithms and software enable sensors and end user products to provide contextual awareness and a better user experience.
Hillcrest Labs’ MotionEngine software supports a broad range sensors and is licensed to companies that wish to run the software on CEVA DSPs, or a variety of RISC CPUs, including Arm Cortex-M and A series and RISC-V based cores.
MotionEngine software will expand and complement CEVA’s smart sensing technology, which includes computer vision and AI processing for cameras and sound processing for microphones. CEVA DSP licensees will now be able use CEVA as a one-stop-shop for processing all classes and types of sensors. The Hillcrest Labs software technology will also widen CEVA’s software licensing engagements directly with OEMs and ODMs to them to employ a royalty payment scheme based on devices rather than chips.
Further details of the transaction and related financial information will be disclosed in CEVA’s Q2 2019 earnings conference call on August 8, 2019.