California-based tech startup DeepScale which work on perceptual systems for semi-autonomous and autonomous vehicles has been acquired by Tesla. The financial terms of the deal have not come out in open as yet.
With Tesla being the only company offering “Level 2" vehicles that are powered with a more advanced driver assistance system, this deal can help them deliver on Tesla's vision of turning its electric vehicles into robotaxis.
DeepScale was founded by Forrest Landola and Kurt Keutzer in 2015 as a company that designs low-wattage processors in order to help the automakers provide accurate computer vision. the processors allow the cars to understand everything going around by working in tandem with sensors, mapping, planning and control systems.
Since its inception, the firm had picked up capital worth $18.5 million from investors like Next47, Point72 Ventures who had led the Series A financing. Autotech Ventures, Trucks Venture Capital Plug and Play, Zygote Ventures, SV Angel, Albert Azout, and Greylock Partners are the other backers who had infused capital in the firm during the seed and angel rounds.
Notably, DeepScale founder and CEO Forrest Iandola had recently posted an update on his LinkedIn page that he was joining the Autopilot team of Tesla for a week's time. “I joined the Tesla #Autopilot team this week. I am looking forward to working with some of the brightest minds in #deeplearning and #autonomousdriving," Iandola had said.
It will be interesting to see if Musk and his team can utilize the expertise of DeepScale in the autonomous vehicles and instill the same in their car to provide even better driverless vehicles.
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