te Hyundai backs start-up to bring deep learning to autonomous cars | Zee Business

Hyundai backs start-up to bring deep learning to autonomous cars

Aiming to bring deep learning (DL) technology to autonomous cars, Hyundai Center for Robotic-Augmented Design in Living Experience (CRADLE) on Tuesday announced a strategic investment in Israel-based start-up allegro.ai that specialises in DL-based computer vision.

Hyundai backs start-up to bring deep learning to autonomous cars
The start-up`s platform simplifies the process of developing and managing deep learning-powered solutions such as autonomous vehicles, drones, security, and logistics among others. Image Source: Reuters

Aiming to bring deep learning (DL) technology to autonomous cars, Hyundai Center for Robotic-Augmented Design in Living Experience (CRADLE) on Tuesday announced a strategic investment in Israel-based start-up allegro.ai that specialises in DL-based computer vision.

"Deep learning computer vision is one of the core technologies that can be applied to autonomous driving to navigate roads and make quick decisions in real-time and allegro.ai is clearly an innovation leader in that field," Ruby Chen, Head of Investment at Hyundai CRADLE Tel Aviv, said in a statement. 

The start-up`s platform simplifies the process of developing and managing deep learning-powered solutions such as autonomous vehicles, drones, security, and logistics among others.

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"Our investment in allegro.ai is a further step in enhancing our presence in the Israeli market, a global leader of technological innovation in the fields of automation, AI and DL," he added. The partnership is expected to speed up deployment of AI technology in the car-making major`s many business areas.

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"We are proud to partner with Hyundai and share Hyundai`s belief that AI empowers the industry to provide greater road safety, autonomy, to better understand customers` needs and to help broaden their experiences," said Nir Bar-lev, CEO and Co-founder of allegro.ai. Founded in 2016, allegro.ai offers the first end-to-end DL lifecycle management solution focused on DL as it applies to computer vision.

Written By: IANS
Updated: Tue, Nov 06, 2018
05:04 pm
Seoul, South Korea, IANS
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