Valeo has acquired 50% stake in the capital of CloudMade.
CloudMade is a pioneering start-up in machine learning and artificial intelligence, with a focus on designing applications for the car industry. It develops smart and innovative big data-driven automotive solutions
Valeo is an automotive supplier that enjoys expertise in the technologies required to develop driving assistance applications (sensors, cameras and laser scanners) as well as connectivity, human-machine interface and thermal climate control solutions.
The purpose of the investment by Valeo is to improve and personalize vehicle comfort and safety for motorists and their passengers. CloudMade’s command of big data processing, artificial intelligence and predictive engines, will allow the company to provide its carmaker customers with solutions to continuously adapt driving assistance functions to the profile of each individual driver.
This radically innovative product offering promises to enhance the user experience in terms of both intuitive driving and in-vehicle well-being.
Source: Press Release