Nvidia acquires high-definition mapping startup DeepMap to boost AV technology – TechCrunch
Chipmaker Nvidia acquires DeepMap, the announced high-definition mapping startup. The company said its mapping IP will help Nvidia’s autonomous vehicle technology sector, Nvidia Drive.
“The acquisition is an endorsement of DeepMap’s unique vision, technology and people,” said Ali Kani, vice president and general manager of automotive at Nvidia, in a statement. “DeepMap should expand our mapping products, help us evolve mapping operations around the world and extend our comprehensive expertise in autonomous driving. “
One of the biggest challenges in achieving full passenger vehicle range is getting proper location and up-to-date map information that reflects current road conditions. By incorporating DeepMap technology, Nvidia’s autonomous battery is expected to have greater accuracy, giving the vehicle enhanced capabilities for locating itself on the road.
“Joining forces with Nvidia will allow our technology to scale faster and benefit more people sooner. We look forward to continuing our journey as part of the Nvidia team, ”said James Wu, co-founder and CEO of DeepMap, in a statement.
DeepMap – founded by former Google, Apple and Baidu employees James Wu and Mark Wheeler – can use Nvidia Drive’s software-defined platform to scale its maps across AV fleets quickly and without using too much data storage via live updates. Nvidia will also invest in new capabilities for DeepMap as part of the partnership.
Nvidia is expected to complete the acquisition in the third quarter of 2021.