Woven Planet Holdings closes acquisition of Carmera
Posted on 04 Sep 2021 and read 527 times
Woven Planet Holdings Inc
, a subsidiary of Toyota Motor Corp, has announced the closing of the acquisition of Carmera
, a US-based ‘spatial AI company’ that specialises in developing scalable, next-generation mapping solutions for automated mobility.
This follows a proposed transaction previously announced in July. Following its acquisition of Level 5, the automated driving division of Lyft Inc, this is the second acquisition for Woven Planet, a group that is focused on ‘mobility innovations and investments in automated driving, robotics, smart cities, and more’.
The Carmera team has been a long-standing partner to Woven Planet, and with the closing of the transaction, Woven Planet will immediately oversee their offices and operations in New York and Seattle.
They will join Woven Planet's Automated Mapping Platform (AMP) team, helping develop AMP to become the ‘most globally comprehensive road and lane network HD map platform, thereby enabling high-precision localisation support to automated vehicles’.
Carmera’s strengths in map updates, change management and camera-based crowdsourcing from fleets will complement and help expand upon the HD mapping platform Woven Planet has already built.
Together with Level 5 and Toyota Research Institute, the addition of Carmera will bring Woven Planet one step closer to achieving its vision of ‘Mobility to Love, Safety to Live’.