• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
No Result
View All Result
No Result
View All Result
Home AI & Big Data

StradVision gets recognition for futuristic technology; Joins South Korea’s ‘K-Unicorn Project’ investment program

KoreaTechDesk Writer by KoreaTechDesk Writer
July 31, 2020
in AI & Big Data
4
StradVision gets recognition for futuristic technology; Joins South Korea’s ‘K-Unicorn Project’ investment program

StradVision has developed a deep learning-based camera image detection technology for automotive industry.

0
SHARES
295
VIEWS
Share on FacebookShare on Twitter

Korean startup StradVision, which is developing technology for Autonomous vehicles and systems, has achieved a prestigious recognition that establishes its identity as a ‘future unicorn.’ StradVision, whose AI-based camera perception software is a leading innovator in Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles. The startup has been selected by South Korea’s Ministry of SMEs and Startups as one of 15 preliminary unicorns – dubbed “pre-unicorns” – in a competition for promising new tech companies. This selection allows StradVision to be guaranteed up to US$10 million in government support.

StradVision Joins South Korea’s K-Unicorn Project, a Tech Industry Investment Program for Fast-Growing Startups!https://t.co/EWSUi5HdfG#StradVision #Unicorn #Startup #ADAS #selfdriving

— StradVision (@stradvision) July 30, 2020

Selection as a “pre-unicorn” with promising future

In January 2020, the Ministry of SMEs and Startups launched the “K-Unicorn Project” to provide government support to a wide range of domestic tech startups, with applicants applying as either a “baby unicorn” or “pre-unicorn.”

“Baby unicorns” are defined as companies less than seven years old with between US$2 million and US$10 million in investment, with 40 finalists chosen from 254 applicants for US$300,000 in support funding. A smaller group of 15 more seasoned “pre-unicorns,” such as StradVision, were selected from 66 applicants and guaranteed up to US$10 million in government assistance.

Applicants were reviewed by both a professional review team and a public review team, which considered factors including growth potential, innovation, and track record. All aspire to become a bonafide “unicorn,” or an unlisted tech company valued at more than US$1 billion.

Striving to revolutionize self-driving technology

“Through this selection of preliminary unicorns by South Korea’s Ministry of SMEs and Startups, we will be reborn as a true unicorn company by applying SVNet – which is made with pure domestic technology – to self-driving cars around the world,” said Junhwan Kim, CEO of StradVision.

StradVision’s pioneering SVNet software allows ADAS and autonomous vehicles to detect and identify objects accurately, such as other vehicles, lanes, pedestrians, animals, free space, traffic signs, and lights harsh weather conditions or poor lighting.

Compared with competitors, SVNet is compact, requires dramatically less memory capacity to run, and consumes less electricity. It can also be customized for any hardware system thanks to StradVision’s patented and cutting-edge Deep Neural Network-enabled software.

To achieve surround vision, SVNet’s camera and deep learning-based capabilities work seamlessly with other sensors such as LiDAR and RADAR to process collected road data with high speed and accuracy.

StradVision’s software has obtained China’s Guobiao certification and the coveted ASPICE CL2 (Automotive Software Performance Improvement and Capability Determination Containment Level 2) certification. It is being deployed in 9 million vehicles – such as SUVs, sedans, trucks, and self-driving buses – worldwide in partnership with five of the world’s top auto OEMs. StradVision’s global partners also include NVIDIA, Hyundai, LG Electronics, Texas Instruments, Qualcomm, and Toshiba.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Autonomous VehiclesK-Unicorn ProjectMinistry of SMEs and StartupsPre-UnicornSelf-DrivingStrafVisionunicorn
Previous Post

Edutech startup Riiid Labs and ConnecME sign MoU for delivery of AI solutions in the Middle East and North Africa

Next Post

Korean Travel startup My Real Trip gets fresh investment of $36 million amidst pandemic slowdown

Next Post
Korean Travel startup My Real Trip gets fresh investment of $36 million amidst pandemic slowdown

Korean Travel startup My Real Trip gets fresh investment of $36 million amidst pandemic slowdown

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback
Como Cancelar Conta Camera Prive
2 months ago

… [Trackback]

[…] Information on that Topic: koreatechdesk.com/stradvision-gets-recognition-for-futuristic-technology-joins-south-koreas-k-unicorn-project-investment-program/ […]

0
trackback
Gostosas Tatuada Chamando Para O Camera Prive
2 months ago

… [Trackback]

[…] Read More to that Topic: koreatechdesk.com/stradvision-gets-recognition-for-futuristic-technology-joins-south-koreas-k-unicorn-project-investment-program/ […]

0
trackback
click here to investigate
2 months ago

… [Trackback]

[…] Read More on that Topic: koreatechdesk.com/stradvision-gets-recognition-for-futuristic-technology-joins-south-koreas-k-unicorn-project-investment-program/ […]

0
trackback
chaturbate brunette zuid holland
2 months ago

… [Trackback]

[…] Information to that Topic: koreatechdesk.com/stradvision-gets-recognition-for-futuristic-technology-joins-south-koreas-k-unicorn-project-investment-program/ […]

0
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • Top Korean Dating apps that can help you make new connections in South Korea

    12 shares
    Share 12 Tweet 0
  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Top 3 Websites where you watch Korean drama & movies

    12 shares
    Share 12 Tweet 0
  • Korean Webtoon companies that are giving the audience addictive content

    15 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Korean startups that are putting the planet first

    0 shares
    Share 0 Tweet 0
  • Leading telemedicine platform Dr. Now attracts $ 31 million Series B investment

    0 shares
    Share 0 Tweet 0
  • ‘Blind’: The Korean Chat App that is creating quite a buzz with Silicon Valley secrets!

    0 shares
    Share 0 Tweet 0
  • Korean Ministry selects 60 promising startups for the ‘Baby Unicorn’ project 2022

    0 shares
    Share 0 Tweet 0
  • Proptech startup Zigbang receives $27 million investment from VC Association fund

    0 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2021 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2021 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

Posting....
wpDiscuz
4
0
Would love your thoughts, please comment.x
()
x
| Reply

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.