Nvidia on the road to acquisition of DeepMap

As Nvidia continues its investment in the autonomous vehicle (AV) space it has announced its intention to acquire DeepMap.

DeepMaps is a startup that is building high-definition maps for use in AV solutions. As Nvidia explains, while being accurate to within a few metres is fine for turn-by-turn directions such as those you might get from a Maps app, that’s not good enough for AVs.

The tech driving AVs requires far greater precision than the maps we ordinary humans use and that’s what DeepMaps is addressing.

While Nvidia doesn’t go into too much detail as regards how DeepMaps creates its maps, it did state that the startup uses “crowdsourced data from vehicle sensors” that allows DeepMap to “build a high-definition maps that’s continuously updated as the car drives”.

Nvidia says that DeepMap’s solution is able to reflect current road conditions, it’s able to scale across fleet and data is processed quickly with minimal data storage.

“We are excited to welcome the DeepMap team to NVIDIA. They have 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,” Ali Kani, vice president and general manager of Automotive at Nvidia.

The acquisition is subject to regulatory approval and customary closing conditions but Nvidia says it expects the acquisition to be complete toward the end of 2021. The value of the acquisition is not known at this stage.

“NVIDIA is an amazing, world-changing company that shares our vision to accelerate safe autonomy,” said James Wu, co-founder and CEO of DeepMap. “Joining forces with NVIDIA will allow our technology to scale more quickly and benefit more people sooner. We look forward to continuing our journey as part of the NVIDIA team,” he concluded.

[Source – Nvidia]

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