Robotics & Automation News

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LeddarTech raises $140 million to develop autonomous driving technology

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LeddarTech has raised investment of $140 million, which comprises a Series D first close of $116 million and debt facility of $24 million.

LeddarTech is a developer of advanced driver assistance systems (ADAS) and autonomous driving sensing technology.

FS Investors led the financing round with the participation of Investissement Québec, BDC Capital, Go Capital, certain funds managed by Fidelity Investments Canada ULC, Fonds de solidarité FTQ, Export Development Canada, ams Osram, Desjardins Capital, UI Investissement, Cowen Investment II LLC and other LeddarTech management. [Read more…] about LeddarTech raises $140 million to develop autonomous driving technology

Auto systems giant Magna acquires autonomous shuttle startup Optimus Ride

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Magna, one of the world’s largest producers of automotive components and systems, has acquired autonomous shuttle startup Optimus Ride for an undisclosed amount.

Magna says the agreement has resulted in the company adding more than 120 employees of Optimus Ride to its books.

Optimus Ride is a provider of autonomous vehicle and mobility solutions located in Boston. [Read more…] about Auto systems giant Magna acquires autonomous shuttle startup Optimus Ride

Advanced technology adoption will make Indian roads ‘accident-proof’

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A relatively new company called Hi Tech Robotic Systemz (THRSL) says India’s Union Minister Nitin Gadkari’s vision for Indian roads will make vehicles “accident-proof”.

In a recent meeting of the National Road Safety Council (NRSC), the minister advocated for fixed driving hours for commercial truck drivers like that of pilots, as well as a policy mandating on-board sleep detection sensors in commercial vehicles to reduce road accidents in India and give relief to truck drivers.

The logistics sector, which is a key enabler and the backbone of any growing economy, is primarily dependent on drivers who operate for long hours in tough working conditions. [Read more…] about Advanced technology adoption will make Indian roads ‘accident-proof’

Advanced Driver Assistance Systems predicted to grow to $63 billion by 2024

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The global market for Advanced Driver Assistance Systems (ADAS) is projected to be valued $63 billion by 2024, according to a report by Accurize Market Research. 

The sector is expected to see a compound annual growth rate of 10.7 percent from 2017 to 2025.

Advanced driver assistance systems, or ADAS, are systems developed to automate, adapt, and enhance vehicle systems for safety and improved driving to assist the driver in the driving procedure. [Read more…] about Advanced Driver Assistance Systems predicted to grow to $63 billion by 2024

Autonomous driving software startup Helm.ai raises $26 million in new funding

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Helm.ai, creator of next-generation AI software for autonomous driving, today announced it has raised $26 million in series B funding.

This funding will help Helm.ai better serve its rapidly growing customer base, and accelerate product expansion of its highly scalable approach to autonomous driving software.

Additional funding in this round was from JM Partners, Base Capital Funding, and Freeman Group, with additional participation from Nicolas Berggruen, ACVC Partners, OneWay Ventures, Binnacle Partners, Nadia Asoyan, Vlad Tenev, Mark Leslie, Jeff Rothschild, and Neil King. [Read more…] about Autonomous driving software startup Helm.ai raises $26 million in new funding

Advanced driver assistance systems market projected to reach $60 billion by 2026

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The advanced driver assistance system market is likely to exceed a valuation of $60 billion by the end of 2026, according to a research report by Global Market Insights.

Growing number of research and development activities centered on integrating technologies like AI to enhance passenger safety is stimulating the development of new ADAS systems.

The advanced driver assistance systems form an integral and intelligent cog of the automobile interiors. These systems assist the main driver in ample ways by providing them the vital information about traffic, roadblock, congestion levels, suggested routes, and others. [Read more…] about Advanced driver assistance systems market projected to reach $60 billion by 2026

Cepton secures ‘industry’s largest” ADAS lidar deal with global automotive manufacturer

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Lidar solutions provider Cepton Technologies has secured an ADAS lidar series production award at a leading, Detroit-based global automotive manufacturer.

Cepton says the contract is “the industry’s largest award to date”.

This represents a landmark milestone both for the lidar industry as well as for Silicon Valley-based Cepton, which celebrates its five-year anniversary this month. [Read more…] about Cepton secures ‘industry’s largest” ADAS lidar deal with global automotive manufacturer

Arrival partners with Ambarella to develop advanced driver assistance systems

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Arrival, a develop of electric vehicles, has selected the Ambarella CV2FS CVflow AI vision processor for the environmental perception module available for all types of Arrival vehicles.

The module will be used to enable autonomous driving (AD) and ADAS features in the Arrival Bus and Van.

Arrival believes it will accelerate the mass adoption of EVs globally by producing affordable commercial vehicles across the whole transportation ecosystem, and working closely with cities and governments to transform mobility. [Read more…] about Arrival partners with Ambarella to develop advanced driver assistance systems

Brodmann17 adds ADAS to Peachtree Corners’ Level 3 autonomous vehicle for real-world smart city testing

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Brodmann17 has become the first company to add its technology to Peachtree Corners’ Curiosity Lab’s Level 3 autonomous test vehicle.

Peachtree Corners says it is one of America’s first smart city environments powered by real-world connected infrastructure and 5G.

Brodmann17 will further develop and prove out its state-of-the-art software-only perception technology for assisted driving in real-world conditions. [Read more…] about Brodmann17 adds ADAS to Peachtree Corners’ Level 3 autonomous vehicle for real-world smart city testing

Infineon and Reality AI teach cars how to ‘hear’

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Today’s advanced driver assistance systems (ADAS) are based on cameras, radar or lidar. As a result, their target objects need to be within the line of sight to be recognized by the system.

This, however, turns into a weakness when it comes to emergency vehicles – they can be heard much earlier than they can be seen and thus are invisible to ADAS for a longer time.

To address this challenge, Infineon Technologies together with Reality AI created an advanced sensing solution giving vehicles the sense of hearing. [Read more…] about Infineon and Reality AI teach cars how to ‘hear’