Argo AI, sub-organization of Ford Motors has announced that it has acquired Princeton Lightwave. The acquired company has extensive experience in the development and commercialization of LiDAR sensors and it is expected that the acquisition will expedite the process of commercialization and deployment self-driving cars at scale.
Bryan Salesky, CEO, Argo AI informing about the acquisition on his blog has written that LiDAR sensors are crucial to creating a three-dimensional view of the world that helps autonomous vehicles find where they are on the road and detect other vehicles, pedestrians, and cyclists. The lineup of LiDAR sensors by the company will help the Argo to extend the range and resolution needed to achieve self-driving capability in challenging urban environments.
Princeton Lightwave’s technology will also aid the company’s virtual driver system— mandated for SAE levels four and five autonomous driving — in handling object detection in challenging scenarios, such as poor weather conditions, and safely operating at high speeds in dynamic environments, Salesky has informed.
LiDAR sensors are is indispensable when it comes to self-driving cars, a number of bigger companies trying to move ahead in this race to self-driving cars are acquiring or investing in smaller startups working on technologies related to AVs be it software development or sensor like LiDAR. GM this month had acquired Lidar technology company Strobe, similarly, Delphi has got investments in LeddarTech and Quanergy Systems, another automotive supplier Autoliv recently announced its partnership with Fotonic i Norden AB, a LiDAR specialist company. Velodyne another company working on LiDAR has also got investments from Ford.