Key points
- 4DS to acquire Jenesys for $5M to develop CIM and neuromorphic computing
- Jenesys's Edge-AI software to integrate with 4DS's PCMO ReRAM technology
- Acquisition to be funded through a rights issue and placement
- Jenesys's CEO to join 4DS board post-acquisition
- Transaction expected to complete in October 2026
Full summary
4DS Memory Limited (ASX: 4DS) has entered into a binding agreement to acquire Jenesys Pty Ltd, a software company specializing in Edge-AI and autonomous systems, for up to $5 million. The acquisition aims to combine 4DS's PCMO-based resistive memory (ReRAM) technology with Jenesys's Edge-AI software to create a comprehensive hardware-software platform for computing-in-memory (CIM) and neuromorphic computing applications. The transaction will be funded through a non-renounceable rights issue and a placement to professional and sophisticated investors. As part of the deal, Jenesys's Managing Director and CEO, Jaspal Sarai, will join 4DS's board upon completion. The acquisition is expected to be completed in October 2026, subject to certain conditions, including shareholder approval and regulatory consents.
Guidance
4DS plans to raise up to $5M through a rights issue and placement to fund the acquisition.
Outlook
The acquisition is expected to position 4DS to capture value in the growing CIM and neuromorphic computing markets by offering a complete platform solution.