Nvidia announced that it has signed an agreement to purchase DeepMap. This young company is developing high definition maps for autonomous vehicles.
“The acquisition is a testament to DeepMap’s unique vision, technology and people,” said Ali Kani, vice president and general manager of Nvidia’s automotive division. “DeepMap is expected to expand our mapping products, help us scale our mapping operations globally, and expand our knowledge of fully autonomous driving technologies.”
As stated in a press release on the acquisition, cards with an accuracy of a few meters are good enough for humans. Autonomous cars need much more precision – down to the centimeter – so that the car can accurately determine its position in the world. In addition, it is necessary that the maps are constantly updated. DeepMap was founded five years ago by experts with experience in Google, Apple, Baidu and other companies. She was able to develop a card technology that meets these requirements and is already proven by the industry.
The transaction is expected to close in the third calendar quarter of 2021, subject to regulatory approval and other customary requirements in such cases. Its amount was not disclosed.
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