VAYAVISION
Vehicle Perception Engine for Safer Autonomous Driving
Company Overview
Snapshot
Founded in November 2015 by Ronny Cohen and Youval Nehmadi, VAYAVISION grew to 11–50 employees. The company raised a total of $10.76M across two funding rounds from five investors. In July 2020, VAYAVISION was acquired by LeddarTech.
Business overview
VAYAVISION developed a perception engine designed to provide crucial information on the dynamically changing driving environment for safer, more reliable autonomous driving. Its software engine, VAYADrive, combines state-of-the-art raw data fusion with upsampling, AI, and computer vision. The company operated in the Automotive & Mobility Technologies sector, focusing on autonomous and connected vehicles, and served the automotive industry with its B2B solutions.
Strategic signal
In July 2020, VAYAVISION was acquired by LeddarTech, signaling a consolidation within the autonomous vehicle perception technology market. This acquisition by a multinational company like LeddarTech indicates a strategic move to integrate VAYAVISION's advanced perception engine into broader autonomous driving platforms, enhancing the acquirer's capabilities and potentially accelerating the deployment of safer autonomous solutions.
Log in to access full profile ›Company Intelligence Q&A
- What is VAYAVISION's core product?
- VAYAVISION's core product is VAYADrive, a software-based autonomous vehicle environmental perception engine that combines raw data fusion with upsampling, AI, and computer vision to provide crucial information for safer autonomous driving.
- When was VAYAVISION acquired?
- VAYAVISION was acquired by LeddarTech in July 2020.
- Which investors participated in VAYAVISION's October 2018 seed funding round?
- In October 2018, VAYAVISION secured seed funding from investors including Mitsubishi UFJ Capital.
- What was a key strategic appointment for VAYAVISION in 2020?
- In May 2020, VAYAVISION appointed automotive industry veteran Carl-Peter Forster to its Advisory Board, strengthening its leadership with experienced industry insight.
- What significant product update did VAYAVISION launch in early 2020?
- In January 2020, VAYAVISION launched VAYADrive 2.0, an updated version of its software-based autonomous vehicle environmental perception engine.