Global Bigdata Conference

Robert Bosch Venture Capital GmbH (RBVC), the venture capital arm of global automotive parts supplier Bosch Group, has completed an investment in mapping startup DeepMap Inc, a start-up based in Palo Alto, California that is building high definition maps specifically for self-driving vehicles. DeepMap is focused on solving the mapping and localization challenge for autonomous vehicles. The investment amount was not disclosed. "Maps explicitly designed to be read by machines are a critical enabling technology for safe autonomy. DeepMap fills a vacuum in the market. The company's approach to mapping, which leverages embedded software on the vehicle, is very compelling and relevant for highly automated as well as autonomous driving, within Bosch and the whole automotive industry," says RBVC Managing Director Dr. Ingo Ramesohl.