Autonomous Vehicle Mapping Company DeepMap Named One of the Most Innovative AI Startups by CB Insights
【Summary】Silicon Valley-based mapping startup DeepMap has been named as one of the 100 most innovative companies utilizing artificial intelligence (AI) by CB Insights, a National Science Foundation-backed big data company. DeepMap was selected from a pool of over 6,000 companies.
Silicon Valley-based mapping startup DeepMap Inc. has been named as one of the most innovative companies utilizing artificial intelligence (AI) by CB Insights, a National Science Foundation-backed big data company.
As a big data company, CB Insights collects predictive intel each year into the health of private companies, their investors and the emerging industries they compete in. CB Insights compiles a list of 100 of the most innovative startups called the AI 100, based on its research each year.
Deepmap was selected from a pool of over 6,000 companies that are redefining industries.
"This is the fifth year CB Insights has recognized the most promising private artificial intelligence companies with the AI 100, and this is one of the most global groups we've ever seen. This year's cohort spans 18 industries, and is working on everything from climate risk to accelerating drug R&D," said CB Insights CEO Anand Sanwal.
DeepMap is a developer of high-definition (HD) mapping and localization technology for autonomous vehicles. The company was founded in 2016 by James Wu and Mark Wheeler and is headquartered in Palo Alto, Calif with additional offices in Beijing and Guangzhou, China. Wu serves as DeepMap's CEO.
The company specializes in fusing images from digital cameras with data collected using LiDAR to build its highly detailed 3D maps. These HD maps are highly accurate down to centimeter level and are used by autonomous vehicles to navigate and localize.
Before co-founding DeepMap, Wu led the engineering efforts building the serving infrastructure of Google Earth and also helped launch Apple Maps. Wu also served as principal architect for Baidu's self-driving platform now called Apollo.
"We are honored to be named to CB Insights' AI 100 List as one of only seven companies in the transportation sector," said Wu. "My co-founder Mark Wheeler and I launched DeepMap in April 2016. From the beginning, our vision has been to offer a global map engine-as-a-service for a full range of autonomous driving, from hands off, to eyes off, to mind off."
Being named to the AI 100 gives companies like DeepMap additional exposure in the startup community.
"Last year's AI 100 companies had a remarkable run after being named to the list, with more than 50% going on to raise additional financing (totaling $5.2B), including 16 $100 million+ mega-rounds," said Sanwal. Many also went on to exit via M&A, SPAC, or IPO. As industry after industry adopts AI, we expect this year's class will see similar levels of interest from investors, acquirers, and customers."
The AI 100 companies are choosen based on several factors including patent activity, investor quality, market potential, partnerships and tech novelty.
DeepMap recently announced DeepMap HDR (High-Definition Reference), a service for companies who are building hands-free Level 2+ driving systems using crowd-sourced maps.
DeepMap says its HDR solves a critical piece of the puzzle for companies seeking to validate and improve crowd-sourced mapping data.
Italy Fines Google for Excluding the ‘JuicePass’ EV Charging App From Android Auto
Waymo CFO is Leaving the Company Following the Departure of CEO John Krafcik Last Month
Hyundai’s Shares the First Images of the G70 ‘Shooting Brake’ From its Luxury Division Genesis
The NTSB Determines That Tesla’s Autopilot Was Not Active in a Fatal Crash in Texas After Investigators Claimed ‘No One Was in the Driver’s Seat’
Tesla Engineer Tells the California DMV That Elon Musk’s Goal of Achieving Full Self-Driving by the End of 2021 Does Not ‘Match Engineering Reality’
Tesla is Developing a Platform That Allows Customers in China Access to Their Vehicle Data
Tesla to Lose Around $240 Million in Revenue in 2021 as Automaker Stellantis Says it Will No Longer Need to Buy Emission Credits
The Audi A7 PHEV Named Best Luxury Plug-in Hybrid of 2021 by U.S. News & World Report
- SK Innovation Vows to Return to U.S. After Being Hit With a 10-Year International Trade Commission Ban on EV Battery Imports
- GM Unveils the Bolt EUV, its First Mass-Market Electric Crossover That Offers 'Hands-Free' Driving
- U.S. Listed EV Startup XPeng Releases its 2020 Q4 Financial Report with Better Than Expected Results
- EV Startup Canoo Wants to Get in on Electric Pickup War With its New Concept
- Torc Robotics Select Amazon Web Services (AWS) to Manage the Data From its Fleet of Self-driving Trucks
- Apple in Talks With Multiple Lidar Suppliers to Buy Sensors for its Self-driving Car
- China’s Baidu Announces ‘Apollo Air’ Which Supports Self-driving Vehicles Using Real-time Data From 5G-Connected Roadside Units
- Volvo Cars Announces it Will Only Offer Fully-Electric Vehicles by 2030
- The NTSB Determines That Tesla’s Autopilot Was Not Active in a Fatal Crash in Texas After Investigators Claimed ‘No One Was in the Driver’s Seat’
- GM’s Self Driving Unit Cruise Raises $2.75 Billion Led by Retailer Walmart