Chip-maker NVIDIA announced the acquisition of DeepMap, which is startup based in Palo Alto, California that is dedicated to developing autonomous mapping and localization solutions, to expand its AV technology portfolio. DeepMap’s mapping IP is expected to expand NVIDIA’s mapping products and full self-driving expertise, NVIDIA DRIVE.
Califronia-based DeepMap offers the technology required for self-driving vehicles to navigate seamless in a complex and unpredictable surroundings. The company has generated a high-definition mapping technology that caters to the necessary requirements such as precision mapping, accurate localization, road conditions, and the capability to function globally. Integration of DeepMap’s technology into NVIDIA’s self-driving car technology is expected to bolster localization and mapping features already available on NVIDIA DRIVE to ensure autonomous vehicles know their location and route exactly. NVIDIA DRIVE is an end-to-end platform that allows continual upgrades and release through over-the-air updates.
DeepMap was founded in 2016 and is focused on accelerating safe autonomy by addressing three important elements including high-definition mapping, ultra-accurate real-time localization, and serving infrastructure to support extensive global scaling. Reportedly, the acquisition is expected to conclude in the third quarter of 2021 and is subjected to regulatory approvals.