Developers of ADAS/AD cognitive technologies like STRADVISION have a huge opportunity as the global market for L1 to L4 autonomous vehicles is set to reach 74.54 million units by 2028. STRADVISION’s SVNet-based ADAS/AD solutions are available in over 50 vehicle models from 13 OEMs, representing more than 550,000 consumer vehicles in the global market. Frost & Sullivan has recognized STRADVISION with the prestigious 2022 Global Technology Innovation Leadership Award for Systems, and the company has achieved significant growth in headcount, receiving $88 million in Series C funding. STRADVISION’s vision of recent development and rebranding will expand its implementation of computer vision software innovation into industries other than automotive. In addition, Texas Instruments has rolled out SVNet software for the TDA4 automotive processor, and STRADVISION’s SVNet software was selected as “Best in Class Software for Cognitive Systems” at the AutoSens 2022 Awards in Brussels, Belgium.
SRADVISION Wins Frost & Sullivan Global Technology Innovation Leadership Award
SRADVISION, a leading provider of deep learning-based vision perception technology for the automotive industry, has won the prestigious 2022 Frost & Sullivan Global Technology Innovation Leadership Award for Systems. The award recognizes the company’s excellence in the advanced driver assistance systems (ADAS) and automated driving awareness software (AD) industry.
Frost & Sullivan evaluated multiple candidates in each category before determining the final award recipient. The evaluation process included a detailed review of best practice criteria across two dimensions for each designated company. SRADVISION was found to excel in multiple metrics in the ADAS and AD awareness space, including technology leverage and business impact.
The company’s commitment to innovation and creativity allows it to develop optimal solutions that meet customer and market needs. Its SVNet core technology allows it to stay ahead of the competition by applying advanced learning algorithms that deliver high efficiency and modularity.
SRADVISION has established itself as a technology provider capable of running deep learning-based vision-perception capabilities across platforms. The company’s SoC-specific software architecture demonstrates superior performance compared to most competitors, who still rely on ML-based solutions that require large datasets, time, and resources to improve accuracy.
According to Frost & Sullivan research on the global autonomous passenger vehicle market in 2022, the total addressable market for L1 to L4 autonomous vehicles will reach 74.54 million units by 2028, with 59% media equipped with ADAS/AD L2 and higher software stack.
“We are pleased to see our industry-leading innovation approach widely recognized by prestigious organizations such as Frost & Sullivan,” said Sunny Lee, CEO of STRADVISION USA. “We will continue to drive an integrated future for vision technology and artificial intelligence in consumers’ daily lives by providing our customers with the best software for autonomous driving, safer driving, and assistance.”
STRADVISION’s ADAS/AD Solutions Available in Over 50 Vehicle Models
Developers of ADAS/AD cognitive technologies, like STRADVISION, have a huge opportunity as the global market for L1 to L4 autonomous vehicles is set to reach 74.54 million units by 2028. STRADVISION’s SVNet-based ADAS/AD solutions are available in more than 50 vehicle models from 13 OEMs, representing more than 550,000 consumer vehicles in the global market.
In addition to winning the prestigious 2022 Frost & Sullivan Global Technology Innovation Leadership Award for Systems, STRADVISION had a busy year in 2022, including significant growth in headcount, receiving $88 million in Series C funding, and the rollout of SVNet software for the TDA4 automotive processor. The company’s vision of recent development and rebranding will expand its implementation of computer vision software innovation into industries other than automotive. STRADVISION’s SVNet software was also selected as “Best in Class Software for Cognitive Systems” at the AutoSens 2022 Awards in Brussels, Belgium.
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