Tag: autonomous vehicle
Weekly Product News
MetAlert to Acquire TrakTec for $4.5 Million
MetAlert has agreed to acquire Florida-based TrakTec, a location awareness technology company, for $4.5 million in a cash and...
CalAmp Restructures, Cuts 8 Percent of Employees
Telematics company CalAmp CAMP 0.00 said last week it has begun a restructuring plan that includes an 8 percent cut of employees. The company said it is implementing...
Industry Layoffs Continue as Waymo Cuts Staff
Other location industry companies follow with cuts
Autonomous vehicle developer Waymo laid off employees earlier this week in a move that came after large cuts at parent company Alphabet and Google GOOG -0.36%↓ . ...
Mapbox Makes Slew of Announcements at CES
Company rolls out 3D Live Navigation, Mapbox for EV and makes a deal with Toyota Europe
LAS VEGAS—Mapbox rolled out its Mapbox 3D Live Navigation at CES that...
PreAct Technologies Raises $14 Million
Portland, Ore.-based PreAct Technologies has announced it has raised $14 million in Series B funding. Led by I Squared Capital, the round also included funding from State Farm...
HERE Works With AWS To Provide Indoor/Outdoor Device Positioning Services
LAS VEGAS—HERE Technologies said, at CES 2023, it is working with Amazon Web Services (AWS) to deliver developers with improved performance for indoor/outdoor positioning capabilities to track...
Luminar Acquires Civil Maps
LAS VEGAS—Luminar LAZR 4.65%↑ founder and CEO Austin Russell announced at CES that his company has purchased HD mapping startup San Francisco-based Civil Maps to make it more than just a...
Baidu Announces Largest Autonomous Ride-Hailing Service
Says Map Automation Rate is 96 Percent
Baidu BIDU 1.39%↑ has announced that it plans to build the world’s largest autonomous ride-hailing service area in 2023. The company,...
Trimble and GM Say More Than 34 Million Hands-free Miles Driven
General Motors GM -0.10%↓ and Trimble TRMB 0.26%↑ announced that more than 34 million miles have been driven with Super Cruise engaged on vehicles. GM uses Trimble’s GPS technology to enable a vehicle...
Swift Navigation Raises $100 Million
Company has raised a total of $200 million to expand into ADAS, autonomy, industrial machine control and commercial transportation markets.
Swift Navigation has announced that it...
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