This website uses cookies. Continued browsing of this site implies consent for the use of these cookies. Find out more here >>

Post & Parcel

powered by Triangle.

News

Samsung launches $300m fund for CAV innovations

Thursday, September 14th, 2017

Samsung Electronics has set up a $300m fund to develop innovations for connected and autonomy vehicles (CAVs).

In a statement issued today (14 September ), the technology company said that the Samsung Automotive Innovation Fund will focus on a range of technology issues, “including smart sensors, machine vision, artificial intelligence, high-performance computing, connectivity solutions, automotive-grade safety solutions, security, and privacy”.

Meanwhile, Samsung’s recently-acquired subsidiary HARMAN has set up a new Autonomous/ADAS Strategic Business Unit (SBU) which will work with the Samsung Strategy and Innovation Center (SSIC) Smart Machines team to develop key technologies for “safer, smarter, connected vehicles” and Advanced Driver Assistance Systems (ADAS).

“There is already a high demand for ADAS solutions, and that demand is rapidly growing with the advancements in connected cars and autonomous driving,” said Dinesh Paliwal, President and CEO of HARMAN. “This strategic business unit demonstrates Samsung’s and HARMAN’s commitment to answer that call – to be the definitive partner for seamless and integrated technologies.”

The first strategic investment of the Samsung Automotive Innovation Fund will be in TTTech, a leader in functional safety, deterministic networking, real-time systems, and complex software integration for ADAS and automated driving platforms. Earlier investments by Samsung’s existing investment funds have included stakes in automotive startups, including AImotive and Renovo for automated driving; Quanergy, TetraVue, and Oculii for sensors; Autotalks and Valens for connectivity; and Graphcore for high-performance computing.

Samsung also reiterated that its plan is to work with car manufacturers, and not make its own vehicles.

 

 

 

Source: Samsung

Tags:

Leave a Comment

You must be logged in to post a comment.

Samsung launches $300m fund for CAV innovations

New Directory Members

Direct Link Worldwide Ltd

Direct Link specialises in international cross border distribution and returns of e-commerce packages worldwide. Parent company PostNord (the merged Swedish and Danish Post Offices) supports Direct Link with IT expertise, postal connections and international logistics solutions, across the Nordic countries and intercontinentally.

Sign-up

Post & Parcel Newsletters (Help)
  •  Daily newsletter


  •  Weekly newsletter


Latest Issue

About Post & Parcel

Post & Parcel is your key to the global mail and express industry. Every week Post & Parcel features the latest news, analysis of trends, insightful viewpoints, and exclusive interviews with leading industry experts.

Advertise with us

Advertise with us
We provide brands with an exciting range of advertising opportunities to reach the influential Post & Parcel audience. With campaigns suitable for every budget you can achieve your marketing objectives with Post & Parcel.