Deepmap builds high-definition maps for autonomous vehicles. NVIDIA adds high-resolution mapping capabilities to its autonomous driving arsenal with the announcement this week of its intention to acquire DeepMap. DeepMap, founded in 2016, is a startup dedicated to building high-definition maps for autonomous vehicles to navigate the world safely. The deal, for an undisclosed amount, is expected to close in Q3 2021. Silicon valley based DeepMaps was founded by James Wu and Mark Wheeler, veterans of Google, Apple and Baidu.
Nvidia is acquiring autonomous vehicle mapping company DeepMap to bolster the capabilities available of its DRIVE software. DeepMap's technology utilizes crowdsourced data from vehicle sensors to build high-definition maps that update continuously as the car drives. Ali Kani, vice president and general manager of Automotive at Nvidia, said DeepMap has "a proven track record and are entrepreneurial, nimble and engineering-focused. DeepMap meets a deep need in the industry, and together we will develop and extend these capabilities." Nvidia said it plans to continue working with DeepMap's partner ecosystem while also investing in new capabilities and services.
NVIDIA is to acquire DeepMap, a company that makes high-definition mapping technology for self-driving cars. "DeepMap is expected to extend our mapping products, help us scale worldwide map operations and expand our full self-driving expertise," said NVIDIA VP Ali Kani. DeepMap provides maps with high levels of precision. NVIDIA points out that maps accurate to within a few meters are fine for turn-by-turn GPS directions, but autonomous vehicles require greater accuracy. "They must operate with centimeter-level precision for accurate localization, [so that] an AV can locate itself in the world," NVIDIA wrote in a blog post.
DeepMap announced it has been named to the Forbes AI 50, a list of the top private companies using artificial intelligence to transform industries. DeepMap develops scalable, high-integrity mapping solutions for autonomous driving. "We are honored to be included on the Forbes AI 50 list and recognized as a technology innovator," said Mark Wheeler, Co-Founder and CTO, DeepMap. "High-definition, centimeter-level precision maps help define the world in terms that a self-driving vehicle can understand. Our technology provides a critical piece of the puzzle for safe autonomy, including Level 2, a category of human-driven vehicles that is a step up from today's advanced driver-assistance systems."
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.