Nvidia to acquire autonomous vehicles' mapping startup DeepMap

by IANS |

San Francisco, June 11 (IANS) Chip-maker Nvidia is acquiring DeepMap, a startup dedicated to building high-definition maps for autonomous vehicles (AV), for an undisclosed sum.

DeepMap was founded five years ago by Wu and Mark Wheeler, veterans of Google, Apple and Baidu, among other companies.

The US-based company has developed a high-definition mapping solution that has already been validated by the AV industry with a wide array of potential customers around the world, Nvidia said in a statement late on Thursday.

"The acquisition is an endorsement of DeepMap's unique vision, technology and people," said Ali Kani, vice president and general manager of Automotive at Nvidia.

The acquisition is expected to close in the third calendar quarter of 2021.
?"DeepMap is expected to extend our mapping products, help us scale worldwide map operations and expand our full self-driving expertise," Kani added.

Nvidia will continue working with DeepMap's ecosystem to meet their needs, investing in new capabilities and services for new and existing partners.

"Joining forces with Nvidia will allow our technology to scale more quickly and benefit more people sooner," said James Wu, co-founder and CEO of DeepMap.

Nvidia DRIVE is a software-defined, end-to-end platform that enables continuous improvement and deployment via over-the-air updates.

DeepMap's technology will bolster the mapping and localisation capabilities available on DRIVE, ensuring autonomous vehicles always know precisely where they are and where they're going, the company said.

Latest News
IPL 2024: 'Sai Kishore did not expect I will go after him off the first ball', says CSK's Shivam Dube Fri, Mar 29, 2024, 03:55 PM
Talks with Ukrainian FM focused on conflict with Russia, says EAM Jaishankar Fri, Mar 29, 2024, 03:49 PM
Started my career on shop floor of auto plant: Anand Mahindra to Elon Musk Fri, Mar 29, 2024, 03:42 PM
Chinese military offers help to Pakistan to curb terrorism Fri, Mar 29, 2024, 03:39 PM
Kangana Ranaut holds roadshow in Mandi, responds to Supriya Shrinate's 'bhao' jibe Fri, Mar 29, 2024, 03:36 PM
CPI tries to revive itself by launching ex-IPS officer in UP's Faizabad Fri, Mar 29, 2024, 03:29 PM
Mandya in Karnataka to witness mega clash between Kumaraswamy and Star Chandru Fri, Mar 29, 2024, 03:26 PM
I-T seizes unaccounted cash from Kolkata bizman's office Fri, Mar 29, 2024, 03:24 PM
Byju's EGM on rights issue ends sans objections, dissenting investors skip meet Fri, Mar 29, 2024, 03:12 PM
Anti-abuse provisions should not be used in receipt of capital from credible investors: Experts Fri, Mar 29, 2024, 03:09 PM
UP: Kamaal R Khan's brother to contest from Saharanpur on BSP ticket Fri, Mar 29, 2024, 02:59 PM
Pakistan: Alarm bells ring as judicial bodies gear up to protect their judges against 'targeted assault' Fri, Mar 29, 2024, 02:50 PM
Judicial probe ordered in Mukhtar Ansari's death Fri, Mar 29, 2024, 02:46 PM
Stories come knocking, characters start whispering to me: Filmmaker Rima Das Fri, Mar 29, 2024, 02:45 PM
Magisterial probe ordered into Mukhtar Ansari's death Fri, Mar 29, 2024, 12:52 PM