TechFounders alumni startup VayaVision has been acquired by LeddarTech!
A sensor fusion and perception software company VayaVision has been acquired by LeddarTech, a leader in ADAS (Advanced Driver-Assistance Systems) and AD (Automated Driving) technology. LeddarTech announced the acquisition on July 07, 2020.
Our alumni startup from batch #8, VayaVision, provides a reliable environmental model for autonomous vehicles. Their high-end 3D environmental model is built by applying their AI and computer vision algorithms to raw data fused from radar, lidar and camera. VayaVision’s solution enables to detect the size, shape and velocity of every surrounding object, including small obstacles. It detects objects and dangers even during a sensor malfunction which ensures functional safety. The company was founded in 2016 by Dr. Nehmadi Youval and Ronny Cohen and is based in Israel. VayaVision took part in TechFounders program in 2018.
LeddarTech’s hardware and software agnostic sensor fusion platform solution integrates signal processing technology into automotive systems. It is ideal for enabling ADAS and autonomous driving for autonomous shuttles, trucks, buses, delivery vehicles, and robotaxis. Their solution is cost-efficient and adaptable to any sensor setup. The company is responsible for several innovations in mobility remote-sensing applications, with over 70 patented technologies (granted or pending) that enhance ADAS and autonomous driving capabilities.
By combining their solution with VayaVision’s technology, LeddarTech plans deliver a one-of-a-kind end-to-end platform to the market, which will accelerate safe, scalable, and affordable ADAS and AD deployment. VayaVision is now a subsidiary of LeddarTech and will henceforth be referred to as VayaVision, a LeddarTech Company in all subsequent corporate communications.
Read LeddarTech’s full press release about the acquisition here: https://leddartech.com/leddartech-acquires-vayavision-accelerate-delivery-comprehensive-open-sensor-fusion-perception-platform-automotive-mobility-market/
You can find all the startups that have participated in the TechFounders program in our Alumni Startups page.