June 30, 2017 – Silicon Valley Automotive News

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Silicon Valley News Update

Week Ending June 30, 2017



This week again we saw some interesting developments across the Automotive ecosystem and beyond. Below are some key highlights:

  • Volkswagen partners with Nvidia to expand its use of AI beyond autonomous vehicles. Read More
  • Upstream Security raises $2M to protect connected and autonomous fleets. Read More
  • Researchers blind autonomous cars by tricking LiDAR. Read More
  • Nvidia, ZF and Hella will team to ensure self-driving cars meet safety standards. Read More
  • zSpace grows its CTE offerings with applications for automotive training. Read More
  • Today, Toyota unveiled the safest car in the world. Read More
  • XenomatiX; Eyes on the future! Read More
  • BMW Intel and Mobileye to Team up with Delphi as Development Partner for Autonomous Driving Platform. Read More
  • Volvo and Autoliv team up with Nvidia for self-driving cars. Read More
  • Self-driving car investments accelerate with $50m for Drive.ai. Read More
  • Volkswagen to make cars that can communicate with each other. Read More
  • Who will pioneer Autonomous Mobility on Demand (AMoD) and how? Read More


HMP Commentary:

Nvidia has announced a new contract with another leading car manufacturer, Volkswagen, to expand its AI/Deep Learning technologies beyond autonomous vehicles. VW has also revealed that some of its models will be adapted with Public Wireless Local Area Network (pWLAN) by 2019; allowing its cars to communicate with each other and to exchange information related to traffic and routes. Nvidia is joining industry suppliers ZF and Hella to help incorporate its own in-car AI technology in a self-driving system targeting OEM clients. The BMW Group, Intel and Mobileye recently collaborated on a state-of-the art autonomous driving platform; they have now revealed that Delphi will be the development partner and system integrator for their platform. The Swedish car safety supplier Autoliv and Volvo just signed a deal using Nvidia’ s AI car computing platform as the foundation for their advanced software development to enhance software systems for self-driving cars.


LiDAR technology is becoming more and more pervasive in the marketplace; XenomatiX, a Belgian private company, has been working to develop a more affordable and more efficient technology and is now launching its own new product called XenoLidar. Drive.ai, an autonomous driving start-up that began testing its first vehicles on public roads, has raised $50M in new funding. Upstream Security, recently secured $2M seed round in an investment led by Glilot Capital Partners, for developing a cloud-based cyber-security platform for connected and autonomous vehicles.

The Silicon Valley-based education provider, zSpace has announced new additions to its career and technology education (CTE) applications for its platform, for automotive training courses to ensure that schools prepare students for jobs in these growing fields.  Toyota strongly believes that its new technology should stop cars from severe accidents, their new “Lexus LS” does not only recognizes other cars, but also cyclists, pedestrians and children.



About Harvest Management Partners LLC:

Harvest Management Partners LLC is a Silicon Valley based investment bank, specializing in company financial assessment, advisory services, plan of action development, strategic marketing, and worldwide negotiation of mergers and acquisitions.  Since 2010, Harvest Management Partners has assisted over 40 technology clients within the software, semiconductor, security, IP and automotive electronics sectors.  They are also the exclusive Silicon Valley advisors for Fiat Chrysler Automotive (NYSE: FCAU) and TE Connectivity (NYSE: TEL).  With a combined history of 60+ years of direct operational experience and relationships with venture capitalists and C-Level executives worldwide, Harvest Management Partners is well positioned to provide a comprehensive set of unique services for their clients. For more information, visit www.harvestmp.com