Baraja Appoints IP Pioneer Group to Lead Global Sale of Spectrum-Scan LiDAR IP Assets

Baraja, a pioneer in LiDAR technology, has appointed IP Pioneer Group to commercialize its full suite of patented LiDAR intellectual property and technical assets. The company's Spectrum-Scan™ LiDAR architecture is a transformative solid-state technology that enables long-range, high-resolution 3D sensing. Baraja is evolving its business focus to pursue new frontiers in sensing and perception, allowing a new commercial partner to capitalize on the proven capabilities of Spectrum-Scan™. Key highlights of the IP portfolio include solid-state operation, wavelength-steered prism, modular architecture, and field-proven prototypes.

Aliso Viejo, Calif., July 02, 2025 – indie Semiconductor (Nasdaq: INDI), a leading innovator in automotive solutions, has announced a definitive agreement to acquire emotion3D GmbH, a Vienna, Austria-based specialist developer of advanced perception algorithms and software for in-cabin sensing, advanced driver assistance systems (ADAS), and automated driving. The acquisition is expected to close in the fourth quarter of 2025 and will be immediately accretive.

Emotion3D has developed an AI-based perception solution for embedded automotive vision and radar sensing, with proven deployments for in-cabin sensing applications such as driver and occupant monitoring (DMS/OMS) and external sensing applications like nighttime forward vision and camera-radar sensor fusion. The company's machine learning-based approach is robust to varying customer use cases, achieved through a low compute multi-task neural network architecture and extensive use of synthetic data [1].

"Automakers are increasingly demanding co-optimized hardware-software solutions for ADAS applications," said Mark Tyndall, EVP of Corporate Development and IR at indie. "Already engaged with top global Tier 1 manufacturers and OEMs, emotion3D is supplying an innovative AI-based perception approach that is ideally suited to embedded ADAS sensing, extensible to vision, radar, and sensor fusion applications. Supplying software alongside our chip offering will bring significant value-add to indie’s vision and radar portfolio and high gross margin revenue, positioning indie to maximally benefit from the substantial ADAS market opportunity."

The acquisition will position indie to capitalize on the growing ADAS market, which is expected to reach $83 billion by 2030, with a 2019-2023 CAGR of greater than 9% [1]. The market for ADAS and automated driving software will comprise over 50 percent of this total, marking a significant incremental revenue opportunity for automotive semiconductors.

Dr. Florian Seitner, CEO and co-founder of emotion3D, expressed enthusiasm about the partnership: "Our software technology is uniquely suited to indie’s embedded vision and radar hardware solutions, and access to in-house silicon will help accelerate our ambitious multi-sensor roadmap. Our company’s founding was based upon the global safety initiative Vision Zero, which aims to eliminate all traffic fatalities and severe injuries. The combination of our software and indie’s hardware solutions will help us to take a step closer to this important long-term industry aspiration."

indie will pay $20 million in cash at closing, in addition to an aggregate of up to $10 million in performance-based earnouts if certain revenue targets are exceeded over a post-closing period ending in February 2027. The closing is subject to customary closing conditions, including regulatory clearance [1].

References:
[1] https://www.stocktitan.net/news/INDI/indie-semiconductor-to-acquire-automotive-perception-software-leader-26c59bzlqezi.html