San Francisco: Chip maker Nvidia acquires DeepMap, a startup dedicated to creating high-resolution maps for autonomous vehicles (AB), for an undisclosed amount.
DeepMap was founded five years ago by Wu and Mark Wheeler, veterans of Google, Apple, Baidu and others.
The American company has developed a high-definition mapping solution that has already been approved by the AV industry with a wide range of potential customers around the world, Nvidia said in a statement late Thursday.
“The acquisition is a testament to DeepMap’s unique vision, technology and people,” said Ali Kani, vice president and general manager of Automotive at Nvidia.
The acquisition is expected to be completed in the third calendar quarter of 2021.
“DeepMap is expected to expand our mapping products, help us scale mapping operations around the world, and expand our full autonomous driving experience,” added Kani.
Nvidia will continue to work with the DeepMap ecosystem to meet their needs, investing in new capabilities and services for new and existing partners.
“Teaming up with Nvidia will allow our technology to scale faster and benefit more people faster,” 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 through updates over the air.
The company said DeepMap technology will expand the mapping and localization capabilities available on DRIVE, ensuring that autonomous vehicles always know exactly where they are and where they are going.