StradVision develops AI-based vision processing software (SVNet) for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles, with deployments on various vehicle models in partnership with OEMs. The company intends to use its newly raised capital to accelerate growth and expand operations. Led by CEO Junhwan Kim, StradVision reports more than 300 employees across offices in Seoul, San Jose, Detroit, Tokyo, Shanghai, Friedrichshafen, and Dusseldorf. Financially, the company closed an $88M Series C and has $129M in cumulative funding from seed through Series C. Its technology powers ADAS and autonomous vehicle perception worldwide. The company is positioned as an automotive-industry pioneer in AI-based vision processing. StradVision builds deep learning–based vision processing software for advanced driver-assistance systems (ADAS) and autonomous vehicles. The company positions its camera software as an enabler of next-level vehicle autonomy and mainstream ADAS implementations. StradVision says its solution will support millions of SUVs, sedans, and buses on the road soon. Its software is reportedly attracting leading automakers and suppliers. To accelerate expansion and cooperation, StradVision entered a strategic partnership with AISIN Group via a Pegasus Tech Ventures–managed fund. The company intends to leverage that partnership to meet growing demand for driver-assistance technologies and broader deployment of its camera solutions. StradVision is a Seoul-based developer of vision processing software for autonomous vehicles and ADAS, led by CEO Junhwan Kim. Its core product is SVNet, a deep learning-based software suite that enables lane detection, traffic light and sign detection/recognition, object detection, and free-space detection. The company has multiple mass-production projects ongoing in China and Europe with global OEMs and Tier 1 suppliers. StradVision expects millions of vehicles — including SUVs, sedans and buses — to run its software by 2021. It currently employs more than 105 people across the United States, Germany, Korea and Japan. The company intends to use the new funds to continue developing its products. StradVision develops deep learning–based camera image detection software that recognizes pedestrians and reads text on road signs. Its front-detection technology is described as top-notch, able to detect distant and overlapping objects and distinguish between vehicles, pedestrians, and bicycles. The software can analyze movement patterns and pedestrian posture to predict situations in advance and is claimed to use a high-efficiency algorithm optimized for vehicles. The company holds 14 patents, including methods for rapidly reading text in images, fast parallel data processing, and detection-accuracy enhancements; 10 of those patents are registered in the U.S. Founded in 2014, StradVision is an ICT firm whose majority of employees hold master’s or doctoral degrees. The company recently received an equity investment of 8 billion KRW from Hyundai Mobis to collaborate on developing deep learning cameras and pursue commercialization (the article notes commercialization is expected in 4–5 years and Hyundai Mobis aimed to develop a deep learning–based camera by 2020).

Total raised

$122M

Funding rounds

4

Latest round

Series C

Latest activity

Aug 2022