Intel announced an important acquisition for the Internet of Things and autonomous vehicles sector.
The manufacturer announced the acquisition of Yogitech, an Italian startup that works with “functional safety” systems in self-driving cars. The values of the deal were not revealed.
The technology developed by the company works as a type of digital verification in real time. “Functional safety” systems are essential not only in autonomous vehicles, but all types of technology that work on their own, as they ensure that all components and parts are working as they should. In case of anomalies, visual and audible warnings are displayed so that humans can take control and resolve the problem or stop use.
For Intel, this is yet another way to strengthen its production of systems for the automotive industry. Commenting on the acquisition, the company's vice president of engineering and platform development, Ken Caviasca, said that the overwhelming majority of research into autonomous cars has at least some type of brand component being used. With Yogitech's technology, the idea is to further increase the insertion of this market and the supply of data to manufacturers in the sector.
The Italian company was already a startup before this concept even existed. Founded in 2000, the company received attention from sectors of the country's government and local authorities, but since its founding, it had only received around US$3 million in investment.
Now, it ceases to exist as an independent company and becomes part of Intel's Internet of Things arm. The idea is for Yogitech's systems to be directly integrated with Intel's, aimed at autonomous cars. However, it is still too early for the company to say how everything will work from now on. Not even the terms of the negotiation were revealed – apart from the merger itself, the manufacturer did not say the amount it paid for the Italian company. (CanalTech)
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