Hyundai Mobis is investing in StradVision for developing advanced camera detection technology required to build safe self-driving systems. StradVision is a Korean startup, which possesses deep learning-based camera image detection technology.
This month, the company made an equity investment agreement with the startup to invest 8 Billion Korean Won. With this investment, Hyundai Mobis aims to develop advanced camera detection technology required to build safe self-driving systems. Cooperating with startups possessing promising technology is also meaningful in terms of shared growth.
StradVision has developed a software solution that uses deep learning to recognize pedestrians and even texts on road signs. The deep learning-based image detection technology developed by StradVision, according to the company, can recognize not only distant objects but also overlapped ones; it can distinguish one object from another—for instance, between vehicles and pedestrians or between pedestrians and bicycles—and utilizes that information as data for safe driving.
It can also read the movement patterns of vehicles and the posture of pedestrians and predict a situation in advance. StradVision is also deemed to be superior to other domestic and foreign firms utilizing deep-learning image detection technology in terms of a high-efficiency algorithm optimized for vehicles.
StradVision possesses 14 patents, including a method for rapidly reading texts embedded in images, fast parallel data processing and detection accuracy enhancement technology, with 10 of them having been registered in the U.S.
As an automotive supplier with skilled manpower and know-how, Hyundai Mobis is expected to make great strides in deep learning camera detection through technical synergy with StradVision.