Nvidia (NASDAQ: NVDA) is to acquire DeepMap, a a Palo Alto, California-based startup dedicated to building high-definition maps for autonomous vehicles to navigate the world safely.
The amount of the deal was not disclosed. The acquisition is expected to close in the third calendar quarter of 2021, subject to regulatory approval and customary closing conditions.
Founded in 2016 by James Wu, CEO, and Mark Wheeler, DeepMap develops high definition maps for self-driving vehicles. Its high-definition mapping solutions has already been validated by the AV industry with a wide array of potential customers around the world.
DeepMap’s technology will bolster the mapping and localization capabilities available on NVIDIA DRIVE, ensuring autonomous vehicles always know precisely where they are and where they’re going.
NVIDIA DRIVE is a software-defined, end-to-end platform — from deep neural network training and validation in the data center to high-performance compute in the vehicle — that enables continuous improvement and deployment via over-the-air updates.