Thursday, April 25, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsEnterprise ITToyota Motor acquires software firm Renovo to fast track self-driving tech development

Toyota Motor acquires software firm Renovo to fast track self-driving tech development

Follow Tech Observer on Google News

According to the company, a long-term goal for the deal is to design software and operating systems that other automakers would also use.

Google News

Global car manufacturer Corp has announced to have acquired automotive operating system software company via its Silicon Valley research arm to fast-track the development of fully autonomous connected vehicles.

“I am hoping to shave off years and months to our minimum viable product launches,” James Kuffner, the head of Toyota's Woven Planet subsidiary said.

According to the company, a long-term goal for the deal is to design software and operating systems that other automakers would also use.

Toyota is in a technological race with other established car companies and newer rivals, such as Tesla Inc and Amazon, to build cars that can operate without drivers and share data within connected networks. While some driverless vehicles are already available, their autonomous functions are mostly limited to parking and driving on expressways.

Toyota deployed a fleet of driverless vehicles at the Tokyo 2020 Olympic and to showcase its autonomous technology. The company also temporarily suspended its operations after one of the athletes was struck and injured during the Paralympic in Toyota.

US-based Renovo has designed an operating system for cars that manages vehicle systems and can sort and filter information for sharing, including data that can help carmakers improve vehicle design.

The latest acquisition by Woven Planet comes after it purchased Carmera in August, a US firm that provides real-time, high-definition maps and data for driverless vehicles.

Toyota established Woven Planet in January to invest in and develop mobility with .

Japan's leading carmaker is also building Woven City, a “city of the future” at the foot of Mount Fuji in Japan, a community Toyota says will use hydrogen fuel cells for power and be a laboratory for autonomous cars.

Earlier this year, Toyota also bought ride-hailing service Lyft Inc's self-driving technology unit for $550 million and invested in Ridecell which provides automation for fleet businesses.

Other self-driving partnerships include a joint venture with and stakes in China's Didi Global Inc and Singapore's Grab.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
EmpowerFest 2024
EmpowerFest 2024
EmpowerFest 2024
EmpowerFest 2024
- Advertisement -EmpowerFest 2024
- Advertisement -Education Sabha
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Synology launches HD6500, aims to boost data security in India

Taiwanese firm Synology that specialises in network-attached storage (NAS) appliances solutions launched its latest high-density storage server, the HD6500, capable of accommodating up to 4.8 petabytes.

RELATED ARTICLES