By James Wu, DeepMap CEO and Co-founder
2018 has been filled with progress for DeepMap and our partners. We’d like to share a mid-year recap with you:
We are working with partners and customers around the world.
- Multiple customers have deployed our mapping and localization modules on their fleets and are running autonomous vehicle (AV) operations on a daily basis.
- To meet function safety goals for automotive production systems, we have stress tested our system in dense urban canyons, on congested highways, through tunnels and over bridges, in heavy rain and snow, and in GPS-deprived indoor environments. We even took our car to Thunderhill Raceway Park to stress test at very high speeds. We are proud to say that we have met or exceeded our performance targets under these challenging conditions.
- We have expanded our services beyond the U.S., and are becoming a truly global company. We are working with partners and customers in three continents and have mapped regions that we have never even visited.
- We are working with self-driving players from various spaces and domains, including OEMs, tier 1 suppliers, and tech companies, as well as non-traditional players who bring new business models to the automotive world.
We are partnering with top investors and advisors.
- We are in the process of closing an oversubscribed Series B round of funding. This will enable us to drive our business to the next level through continued investment in world-class talent and leading-edge autonomous vehicle technology. While we are not able to share complete details at this time, we anticipate the round will be north of $50 million.
- As part of the Series B, we are pleased to welcome a new investor, Robert Bosch Venture Capital, the venture capital arm of the Bosch Group. The Bosch Group is a leading global supplier of technology and services. We are excited to work with the excellent team at RBVC. You can read more here.
- Earlier this year, we announced our new technical advisory board of Brian McClendon, Jaron Waldman, and Leonidas Guibas. Their vision, experience, and deep domain knowledge are tremendous assets to us.
We are in the news.
- Bloomberg reporter Mark Bergen included us in a story about the mapping ecosystem, with this quote from our COO Wei Luo: “Mapping for AVs is very similar to navigational maps or even the search engine. Whoever has bigger scale will have the advantage.”
- CTO and Co-founder Mark Wheeler was highlighted in CIO Review, saying: “When we started the company we took a hard look at what is needed to make self-driving a real product and what that explicitly meant for maps. We realized it required a fresh perspective on how maps are created and maintained.”
- Amazon recognized us as a Hot Startup, writing: “For cars to be able to maneuver autonomously, they must be aware of all conditions around them. DeepMap is helping solve this issue by providing real-time information that is then pushed to the map.”
The AV world is accelerating its pace to deployment. For instance, Waymo announced it has “self-driven 8 million miles on public roads, now at a rate of 25K miles per day.” It’s clear that accumulating lots of mileage with physical driving is fundamental to developing and testing the safety of a self-driving system.
DeepMap is working closely with our partners to rapidly deploy their self-driving fleets in larger regions and on more challenging roads. We are committed to helping our partners achieve their self-driving development goals quickly and cost effectively, with scalability.
And, we are growing our team. If you have a passion for self-driving technology, big data, and solving very challenging technology problems, we’d love to talk to you.