Korean startup StradVision, a domestic autonomous driving software developer, has attracted 17.9 billion won in Series C investment from German auto parts manufacturer ZF. With this investment, ZF will hold a 6% stake in StradVision. ZF’s investment in StradVision is to expand its autonomous driving recognition software portfolio.
StradVision to be used for levelling up ZF technology
StradVision has developed SVNet, an autonomous driving software that can identify vehicles, lanes, pedestrians, animals, spaces, signs and lighting even in bad weather or dark environments. Its strength is to run software with minimal power consumption through lightweight and efficiency. Optimization for various platforms and hardware systems is also possible.
StradVision software is installed in advanced driver assistance systems ( ADAS ) and autonomous driving systems in many mass-produced cars. ZF, a German auto parts manufacturer, is expanding its business to autonomous driving and vehicle software. Recently, it has been developing autonomous driving level 2 technology in collaboration with Intel’s subsidiary Mobileye. In the autonomous driving level 3 and level 4 technology fields, it is planned to conduct joint technology development while strategically investing in StradVision.
“The combination of our sensors, middleware platforms and high-performance computing solutions with StradVision’s software expertise provides the core components of a centralized electrical architecture that can be optimized for shuttles, commercial vehicles and light vehicles,” said Mark Volito, head of the group’s engineering division. “We expect to be able to expand our autonomous driving technology through collaboration with StradVision.”
“We will work with ZF to develop a leading recognition solution,” said Junhwan Kim, CEO of StradVision, “This will accelerate the development of the autonomous driving market.”
Also read more about autonomous driving technology,
- Top Korean startups leading the autonomous driving technology sector
- Korean AI Data labeling solution provider AIMMO enters the autonomous driving sector in Europe with new HQ
- Korean Startup Seoul Robotics’ 3D engine for Lidar sensors to make autonomous driving smarter
- Mobiltech’s CEO Jason Kim talks about technology that helps 3D mapping for autonomous driving
