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Few days ago the news was released that ARM and Raspberry Pi announced the agreement of ARM to make a strategic investment in Raspberry Pi, which mentions that the agreement will allow the companies to work together to develop new cutting-edge computing and Internet of Things (IoT) devices.
The minority stake between ARM and Raspberry Pi expands a successful long-term partnership between the two companies collaborating to provide critical solutions.
Eben Upton, CEO of Raspberry Pi, and ARM's Paul Williamson have emphasized the shared goal of democratizing access to computing Worldwide. Its goal is to foster rapid innovation and drive global adoption of high-performance IoT devices. The duo underlined the critical role of ARM-based platforms like Raspberry Pi in achieving this goal.
Upton recognized this investment as a crucial milestone in its continued collaboration with ARM. The partnership has resulted in a number of popular ARM-based Raspberry Pi products.
“With the rapid growth of edge and endpoint AI applications, platforms like Raspberry Pi, built on Arm, are critical to driving the adoption of high-performance IoT devices globally by enabling developers to innovate.” faster and easier. “This strategic investment is further evidence of our continued commitment to the developer community and our partnership with Raspberry Pi.”
Paul Williamson, senior vice president and general manager of Arm's IoT business, He said that the objective of the agreement is to consolidate his position in the community of IoT developers and drive the creation of IoT solutions.
"Arm and Raspberry Pi share the same vision: to make computing accessible to everyone, reducing barriers to innovation so that everyone, everywhere can learn, experiment and create new IoT solutions," said Paul Williamson, vice president Senior and CEO of Internet of Things
This investment solidifies a partnership that began in 2008 and has seen the release of many popular ARM-based Raspberry Pi products for students, enthusiasts and commercial developers, as We must remember ARM has always supported the work of the Raspberry Pi Foundation After all, ARM CPUs have been present in all Raspberry Pi products to date, including the recently released Raspberry Pi 5.
"Using Arm technology as the foundation of our current and future products gives us access to the computing performance, power efficiency, and expanded software ecosystem we need as we continue to remove barriers to entry for everyone, from students and enthusiasts to professional developers." "deploying commercial IoT systems at scale."
It is worth mentioning that This agreement becomes the second largest investment for Raspberry, as it follows similar minority investments earlier this year by Sony, which makes many boards under contract for the Raspberry Pi. Although the value of this funding was not disclosed at the time, Raspberry Pi's annual report says it was worth £4,2 million.
On the other hand, it is also worth remembering that last month, the company said it was considering listing on the London Stock Exchange at a valuation of approximately £409 million. The move follows a float postponed from 2021 due to poor pricing conditions and a global chip shortage, which is largely blamed on underlying issues caused by the 2019 COVID-19 pandemic.
Additionally, Eben Upton, CEO of Raspberry Pi, said:
"Arm technology has always been at the heart of the platforms we create, and this investment is an important milestone in our long-standing partnership"
Finally, if you are interested in learning more about it, you can consult the details in the following.