SEOUL, South Korea, March 27, 2023 /PRNewswire/ — Frost & Sullivan has declared that STRADVISION, an automotive field pioneer in deep mastering-primarily based eyesight notion technologies, has won the Frost & Sullivan 2022 Worldwide Engineering Innovation Management Award in the state-of-the-art driver aid system (ADAS) and automatic driving (Advert) perception software program field.
Throughout the demanding analytical award method, Frost & Sullivan evaluated several nominees in each and every category before identifying the final award recipient. The procedure consists of a in-depth analysis of most effective techniques requirements across two proportions for each individual nominated organization. The organization discovered that STRADVISION excels in a lot of requirements in the ADAS and Ad notion house, together with engineering leverage and enterprise effects.
“STRADVISION’s dedication to innovation and creativity allows it to acquire optimized methods that fulfill shopper requires and market needs,” mentioned Deexeta Mohankumar, Exploration Analyst for Frost & Sullivan. “In addition, its main SVNet technological know-how will allow it to keep forward of the competitors by adopting innovative discovering algorithms that deliver large performance and modularity. Demonstrating overall performance usefulness with SoC-distinct software architecture, STRADVISION has distinguished alone as a technological know-how supplier that can run deep learning-dependent eyesight notion capabilities on leading SoC platforms. In distinction, most rivals nevertheless depend on ML-dependent methods, which need substantial details sets, time, and sources to increase precision.”
“We are happy to see that our marketplace-primary approach to innovation is becoming commonly identified by these types of prestigious institutions as Frost & Sullivan,” STRADVISION Usa CEO Sunny Lee mentioned. “We will continue on to press for an integrated future for eyesight and synthetic intelligence technological innovation in consumers’ every day life by giving our buyers with very best-in-class computer software for safer assisted and autonomous driving.”
Frost & Sullivan’s research on the world wide autonomous passenger car marketplace in 2022 indicates that the full addressable market for L1 to L4 autonomous vehicles will access 74.54 million models by 2028, with 59% of the motor vehicles equipped with an L2 and above ADAS/Advertisement application stack. This presents a broad option for ADAS/Ad notion technologies developers this sort of as STRADVISION. The ADAS/Advertisement options based on STRADVISION’s SVNet technological know-how are available in extra than 50 auto designs of 13 OEMs, accounting for over 550,000 shopper autos in world markets.
Frost & Sullivan’s whole summary on the award and their assortment of STRADVISION can be located In this article.
The Frost & Sullivan recognition arrived just after a occupied yr for STRADVISION in 2022, such as substantial workforce growth of 69.2% YoY for the organization, the two in North The usa and globally. The firm obtained Collection C funding of $88 million ($129 million cumulative funding to date), and its current rebranding and developed company vision will prolong the implementation of its ground breaking laptop vision software program to industries further than automotive. Supplemental 2022 and early 2023 milestones incorporate SVNet software implementation for Texas Instruments’ TDA4 automotive processor, the prosperous completion of proof-of-thought (PoC) and output assignments for a lot more mass generation with world wide OEMs and Tier-1 businesses, and STRADVISION’s SVNet computer software remaining after once more selected as the ‘Best-in-Course Program for Perception Systems’ throughout the 2022 AutoSens Awards in Brussels, Belgium.
Started in 2014, STRADVISION is an automotive industry pioneer in synthetic intelligence-dependent eyesight perception know-how for ADAS. The firm is accelerating the arrival of entirely autonomous automobiles by producing ADAS options obtainable at a portion of the market price tag in contrast with rivals. STRADVISION’s SVNet is currently being deployed on different auto styles in partnership with OEMs can powers ADAS and autonomous motor vehicles globally and is serviced by above 300 workers in Seoul, San Jose, Detroit, Tokyo, Shanghai, Friedrichshafen, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan’s 2022 International Know-how Innovation Management Award, the Gold Award at the 2021 and 2022 AutoSens Awards for Finest-in-Class Program for Perception Systems, and the 2020 Autonomous Motor vehicle Technological innovation ACES Award in Autonomy (software package class). In addition, STRADVISION’s program is certified to the ISO 9001:2015 for High quality Management Devices and ISO 26262 for Automotive Practical Basic safety.