dSpace expands in artificial intelligence area
dSpace, a leading provider of solutions for the development of networked, autonomous, and electrically powered vehicles, has acquired the startup company understand.ai. Under the umbrella of the dSpace group companies, understand.ai will invest in the core tasks “artificial intelligence (AI) applications” and “cloud-based tools,” further develop its existing products as an integral part of the dSpace product range, and use the dSpace global sales network to market its products and services.
“understand.ai is an AI technology leader with a focus on automated data analysis, data annotation, and extraction of simulation scenarios for autonomous vehicles. With these key technologies, we are strategically enhancing the dSpace portfolio to offer our customers a unique, integrated development and test solution for autonomous driving,” said Martin Goetzeler, CEO of dSpace.
“We see dSpace as the ideal partner for growth as understand.ai takes its next development step. Testing is the bottleneck in the development of autonomous driving, and dSpace, as a leading development partner of the automotive industry, will give us a strong momentum with its expertise and network,” explained Marc Mengler, Cofounder and CEO of understand.ai.
“Marc Mengler and I are looking forward to working with dSpace to improve local customer service, accelerate our international growth, and further expand our global leadership position in solutions for providing training and validation data,” added Philip Kessler, Cofounder and CTO of understand.ai.
understand.ai has proprietary knowledge that is designed to enable the automation of the annotation process for AI, also called labeling, to the greatest extent possible. The company also uses self-learning algorithms to process high-quality training and validation data. The underlying key technology is also based on artificial intelligence and ensures efficient data analysis as well as precise data annotation, which creates high-quality training data for AI-based driving algorithms. understand.ai develops AI- and web-based tools for this area of application. The underlying know-how is also used to extract simulation scenarios from sensor data.