Arm Holdings plc (Nasdaq: ARM, "Arm") and Raspberry Pi Ltd today announced an agreement by Arm to make a strategic investment in Raspberry Pi. Arm has acquired a minority stake in Raspberry Pi, further extending a successful long-term partnership between the two companies as they collaborate to deliver critical solutions for the Internet of Things (IoT) developer community.

As the demand for edge compute accelerates, with the proliferation of more demanding IoT and AI applications, Raspberry Pi's solutions are putting the power of low-cost, high-performance computing into the hands of people and businesses all over the world. This investment further cements a partnership that began in 2008, and which has seen the release of many popular Arm-based Raspberry Pi products for students, enthusiasts and commercial developers. Raspberry Pi's most recent flagship product, Raspberry Pi 5, became available at the end of October.