General Motors (GM) has invested in radar software company Oculii, TechCruch reported on September 13. Although the exact amount was undisclosed, it is said to be in the millions. Oculii had recently closed a $55 million Series B investment round. The partnership could allow GM to use Oculii’s solutions to enhance Super Cruise, the automaker’s hands-free advanced driver assistance system.
“When a company like GM says, this is great technology and this is something that we potentially want to use down the line, it makes the entire supply chain take notice and effectively work more closely with you to adopt the solution, the technology, into what they’re selling to the OEMs,” Oculii CEO Steven Hong told TechCrunch in an interview recently.
Significance: Oculii offers Deep Sensor Fusion technology, which combines elements of radar and lidar technologies to enable a superior and safe solution for autonomous driving. It also develops high resolution 4D imaging radars.
In November 2021, Ambarella completed the acquisition of Oculii for $307.5 million. Ambarella's had then stated that it would look to combine its camera technology with Oculii's radar software stack to develop an all-weather, low-cost, and scalable perception solution.
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