Transaction positions Lynx to access the rapidly growing software enablement market for graphics processing units, which is expected to exceed $20 billion by 2030
Lynx Software Technologies, Inc. (“Lynx”), a leader in foundational, open architecture software solutions for edge computing, today announced the acquisition of Core Avionics & Industrial, Inc. (“CoreAVI”). CoreAVI is the leading provider of development tools, software libraries, and deployable software packages that enable safety-critical graphics processing unit (“GPU”)-based computing, including certified graphics rendering, autonomy, and AI applications. The acquisition positions Lynx to tap into the rapidly growing market for GPU-enabled safety systems, which is forecasted to reach $20 billion by 2030 across aerospace, defense, space, and other mission-critical end markets.
Since its founding in 2005, CoreAVI’s solutions have enabled semiconductor partners and customers to leverage the power of GPU-driven processing in safety-critical systems, initially to run safety-certified graphics in high-assurance systems, and then as technology progressed, to run machine-learning, neural networks, and AI workloads. Its differentiated products and technical software engineering capabilities support the expanding uses of GPU-based computing in mission-critical avionics platforms, space-based systems, military ground and naval applications, automotive, medical, and other industrial use cases.
CoreAVI’s advanced product suite complements Lynx’s portfolio of foundational software products, development tools, open-source expertise, and software development services focused on leveraging the capabilities of multi-core processors. Together, Lynx and CoreAVI address some of the most challenging software requirements of customers with complex interoperability, safety, security, and data processing challenges for next-generation aerospace, defense, industrial, and automotive platforms. The combined company has approximately 300 employees, nearly 60 patents, and has jointly invested thousands of engineering staff years in research and development to advance its product portfolio.
“Lynx’s vision is to build an ecosystem of IP that aligns with market-established open standards and partner-enabled capabilities to address the software challenges of the most demanding customers,” said Tim Reed, CEO of Lynx. “With CoreAVI, we are taking a critical step toward the future of high-assurance computing as we expand into the GPU computing market for safety- and security-critical systems. By adding CoreAVI’s leading technologies for high-performance computing and graphics systems to the LYNX MOSA.ic suite of edge computing solutions, we are now able to provide a comprehensive suite of software solutions and services that enable our customers to deploy next-generation, certified technologies that include real-time safety control, cybersecurity, AI, autonomy, and computer vision capabilities.”
“The safety-critical embedded computing market is aggressively transitioning toward standardization to enable accelerated time to market and improve the economics of robust computing,” said Damian Fozard, CoreAVI’s Founder and CEO. “This requires technologies that simplify the development, deployment, and orchestration of software-defined embedded systems. For nearly two decades, CoreAVI has been a leading voice and active participant in standards bodies to promote the adoption of open standards. Since each company’s founding, Lynx and CoreAVI have been intently focused on simplifying the software development efforts of our customers via modular and interoperable solutions. Together, we can now enable customers to develop, deploy, and orchestrate mixed-criticality edge systems at scale and at pace with a mature set of industry-proven building blocks to enable safe, secure, and reliable performance.”
Womble Bond & Dickinson LLP and Skadden Arps Slate Meagher & Flom LLP served as legal advisors and Lincoln International LLC served as financial advisor to Lynx. Troutman Pepper Hamilton Sanders LLP and Fairmount Partners, LP served as legal and financial advisors, respectively, to CoreAVI.
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