Frost & Sullivan’s total analysis of the ADAS and automated driving (AD) perception software industry saw STRADVISION perform spectacularly in terms of its technologies and the business impact derived from them. The Seoul-based company is a frontrunner when it comes to technology leverage and business impact, counting major automotive brands as customers.
STRADVISION, a deep learning-based vision perception technology pioneer in the automotive industry, has earned the esteemed Frost & Sullivan 2022 Global Technology Innovation Leadership Award. This is a result of an in-depth evaluation process which involved evaluating multiple nominees for each category before final selection. The scrutiny based on best practices criteria and concerns both technology leverage and business impact, which STRADVISION fulfilled brilliantly.
Deexeta Mohankumar, Research Analyst for Frost & Sullivan, commented, “STRADVISION’s commitment to innovation and creativity enables it to develop optimized solutions that meet client needs and market demands. In addition, its core SVNet technology allows it to stay ahead of the competition by adopting advanced learning algorithms that deliver high efficiency and modularity. Demonstrating performance effectiveness with SoC-specific software architecture, STRADVISION has distinguished itself as a technology provider that can run deep learning-based vision perception features on leading SoC platforms.”
Sunny Lee, STRADVISION USA CEO expressed his delight over this recognition by the prestigious research institution, and added, “We will continue to push for an integrated future for vision and artificial intelligence technology in consumers’ everyday lives by providing our customers with best-in-class software for safer assisted and autonomous driving.”
Global market analysis for 2022 identified that 74.54 million autonomous passenger cars will be in operation by 2028. A majority of these cars, 59%, are expected to be equipped with L2 and above ADAS/AD software stack, providing a massive opportunity for ADAS/AD perception technology developers such as STRADVISION. This technology is already in place in more than 50 vehicle versions from 13 automotive giants.
The year 2022 was a life-changing one for STRADVISION, with a staggering 69.2% construction growth year-over-year. Funding increased to $88 million, and the broadened company vision has successfully incorporated their software in industries beyond the automotive. Notable projects and achievements include the integration of SVNet with Texas Instruments’ TDA4 and a PoC completion project to be an integral part of mass production. The year 2022 was capped off with STRADVISION winning the “Best-in-Class Software for Perception Systems” at AutoSens Awards in Brussels.
STRADVISION is a Seoul-headquartered global software engineering company founded in 2014. Striving to bridge the gap between the safety, convenience and the affordability of the next-generation of automated cars, they specialize in the development and adoption of sophisticated Artificial Intelligence based vision perception technology. Their staff comprises of over 300 employees from their offices in San Jose, Detroit, Tokyo, Shanghai, Friedrichshafen, and Dusseldorf, with their software certified in ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety.
Sunny Lee, STRADVISION USA CEO, is the driving force behind the global success of the company. An alumnus of Carnegie Mellon’s Master’s program in electronic and computer engineering, he has over 20 years of experience in computer vision addressing the growing need for automated driving. He is proud of the global impact the company has had on the industry, with their solution being deployed on more than 550,000 consumer cars worldwide.
