Blue Cloud's USD 150 Mn ToT Agreement
Leading AI-driven enterprise and cybersecurity solutions provider Blue Cloud Softech Solutions Ltd. has announced the signing of a Technology Ownership Transfer (ToT) Agreement, potentially valued at approximately USD 150 million, with an Israel-based technology company.
The agreement aims to co-develop edgeAI chips, advanced semiconductor systems designed to power the next generation of AIoT (Artificial Intelligence of Things) and industrial automation applications.
- The Israel firm will provide the core hardware architecture and reference design.
- BCSSL will own and develop the entire software stack, including system firmware, AI middleware, and application frameworks.
This partnership solidifies complete technology ownership and intellectual property control on Indian soil.
Author's summary: Blue Cloud signs USD 150 Mn ToT Agreement for edgeAI chips development.