India, Nov. 4 -- Blue Cloud Softech Solutions Limited, a provider of AI-driven enterprise and cybersecurity solutions, has signed a Technology Ownership Transfer (ToT) Agreement valued at approximately USD 150 million with an Israel-based technology company to jointly develop edgeAI chips, advanced semiconductor systems designed to power the next generation of Artificial Intelligence of Things (AIoT) and industrial automation applications.

The agreement encompasses a five-year strategic investment plan by Blue Cloud Softech Solutions Limited (BCSSL) covering technology integration, product development, and manufacturing setup in India. It also includes a revenue-sharing arrangement with the Israeli partner for hardware design transfer an...