LeddarTech Acquires VayaVision to Accelerate the Delivery of its Comprehensive and Open Sensor Fusion and Perception Platform for the Automotive and Mobility Market
LeddarTech announced the acquisition of sensor fusion and perception software company VayaVision. LeddarTech supports Tier 1-2 automotive system integrators with an open automotive and mobility sensing platform, including its LiDAR-based LeddarEngine. There is an industry consensus that level 3 to 5 autonomous driving applications require multiple sensors and sensor combinations of LiDAR, radar, and cameras. Sensor fusion development significantly increases the customers’ time-to-market, cost, and risk. The integration of VayaVision technologies, products, and expertise enables LeddarTech to accelerate time-to-market while significantly reducing customer development costs and risks with a sensor fusion and perception stack that scales from a single sensor to multiple sensor combinations and is hardware and operating system software agnostic.
LeddarTech’s open platform based on its full-waveform digital signal processing technology combined with VayaVision’s raw data sensor fusion and perception software stack will deliver the most accurate environmental model, enabling the volume deployment of cost-efficient ADAS and AD applications. This acquisition fits with LeddarTech’s long-standing open platform strategy to deliver an end-to-end ADAS and AD sensor fusion and perception stack product that is adaptable, flexible, and scalable to enable customers to innovate and accelerate their time-to-market. The first perception software stack product based on LeddarTech’s Leddar Pixell™ LiDAR sensor will be available for lead customer demonstration and sampling in 4Q20 (CY) and production by 1H21 (CY).
Summary of Customer Benefits
- Hardware and Software Agnostic Sensor Fusion Platform Solution
- Perception software product that enables the fusion of camera, radar, and LiDAR leading to accelerated time-to-market
- Cost-efficient solution to leverage off-the-shelf sensors
- Flexible hardware solution that is adaptable to any sensor setup
- Platform that can scale from L2 to L5, from a single sensor up to fifteen sensors
- Access to value-added solutions of the Leddar Ecosystem™ and strategic partners
“I am very pleased that VayaVision is now under the LeddarTech umbrella”, stated Mr. Ronny Cohen, co-founder and former CEO of VayaVision. “LeddarTech is a leader in sensing with an open architecture, a global footprint, and history in providing ADAS and AD solutions to the automotive and mobility market. Our combined technologies enable LeddarTech to deliver a one-of-a-kind end-to-end platform to the market, which will accelerate safe, scalable, and affordable ADAS and AD deployment.”
“The acquisition of VayaVision adds a vital building block by combining their sensor fusion and perception technology with LeddarTech’s proven LeddarEngine platform,” stated Charles Boulanger, CEO of LeddarTech. Mr. Boulanger emphasized: “The existing single sensor solutions in the market do not provide the performance, flexibility, scalability, and cost-effectiveness that the market needs for mass deployment. Our LeddarEngine platform built on an open software architecture combined with VayaVision sensor fusion and perception enables LeddarTech to address customers’ need for sensing solutions that are hardware agnostic, scalable, and adaptable to any vehicle and sensor configuration.”
VayaVision is now a subsidiary of LeddarTech and will henceforth be referred to as VayaVision, a LeddarTech Company in all subsequent corporate communications.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.