AEye announces strategic partnerships
AEye and Hella extended their strategic partnership to deliver customized sensing and perception solutions for ADAS automated driving (AD) based on AEye’s iDAR technology.
AEye’s iDAR is a new form of data collection that fuses 1550 nanometer (nm), solid-state agile LiDAR with a low-light HD camera and embedded AI to intelligently capture data at the sensor level. The company announced that in November, the system detected and tracked a truck at 1000 meters (3200 ft) and achieved a scan rate of 100 Hz, setting a new record for the industry.
This joint development effort is intended to bring best-in-class Level 3 ADAS solutions to global automotive OEMs. In December, Hella Ventures became a major shareholder of AEye as part of its $40 million Series B round of financing. The first joint development project will start immediately, with the objective of a SOP in 2022.
AEye also announced a strategic sales, co-development, and manufacturing partnership with LG Electronics.
By partnering with AEye, LG says it is expecting to meet and exceed automotive specifications for OEM customers and lead in the development and manufacturing of intelligent solutions that deliver industry-leading performance at lowest cost. In addition to this development and deployment partnership, AEye recently announced that LG became a major shareholder as part of its $40 million Series B round of financing.
“AEye has proven itself to be the leader in artificial perception,” said Joseph Yoon, senior vice president and head of Autonomous Vehicle Business Task at LG Electronics. “Their iDAR system, which brings intelligence to the sensor level, is a breakthrough innovation with significant implications for the ADAS and autonomous vehicle industry. AEye’s modular architecture with LG’s optics expertise will allow us to jointly create low-cost, high performance products and rapidly innovate to address market needs. This partnership underscores our commitment to deliver global automakers the very best building blocks with which to deliver safe, accessible assisted driving solutions.”
“By creating this technical blueprint with LG, we are helping OEMs cut costs and reduce risk in fast-tracking their ADAS initiatives,” said Barry Behnken, Co-founder and Senior Vice President of Engineering at AEye. “We fully appreciate LGE’s optics expertise, and believe this partnership is a boon for automakers looking to purchase a cost-effective, high-performance, integrated system from a trusted supplier.”
The partnerships are part of AEye’s “design for manufacturability” strategy, wherein it works with trusted Tier 1 suppliers to build and manufacture automotive grade systems to OEM specifications.