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Perceptive Automata Announces $16M in Series A Funding Led by JAZZ Venture Partners to Advance Human Intuition for Self-driving Cars

Perceptive Automata Announces $16M in Series A Funding Led by JAZZ Venture Partners to Advance Human Intuition for Self-driving Cars

SOMERVILLE, Mass., Oct. 9 (Korea Bizwire) — Perceptive Automata, the leading provider of human behavior prediction software for machines, announced today that it has raised $16 million in Series A funding. The oversubscribed round was led by JAZZ Venture Partners with participation from Toyota AI Ventures, Hyundai Motor Company, and existing investors First Round Capital [...]

FLIR Releases High-Resolution Thermal Camera Development Kit for Self-Driving Cars

FLIR Releases High-Resolution Thermal Camera Development Kit for Self-Driving Cars

WILSONVILLE, Ore., Jan. 8 (Korea Bizwire) — FLIR Systems, Inc. (NASDAQ:FLIR) today announced the availability of a high-resolution Thermal Vision Automotive Development Kit (ADK™) featuring the high-performance FLIR Boson™ thermal camera for automakers, tier-one automotive parts suppliers, and innovators of advanced driver assistance systems (ADAS). The new FLIR ADK allows developers to add an affordable, [...]

For Future Drone Delivery, Bridges, Tunnels, Bldg Suites to Get Individual Addresses

For Future Drone Delivery, Bridges, Tunnels, Bldg Suites to Get Individual Addresses

SEOUL, Dec. 28 (Korea Bizwire) – To set the stage for a future where drones, self-driving cars and AI-controlled robots serve as delivery workers, the Ministry of Interior and Safety has unveiled a five-year plan to bestow unique addresses to over 300,000 buildings. Specifically, what this entails is each room or suite will be designated [...]

Self-Driving Bus to Hit the Streets by the End of the Month

Self-Driving Bus to Hit the Streets by the End of the Month

SEOUL, Sept. 22 (Korea Bizwire) – A temporary permit issued to conglomerate KT by the Ministry of Land, Infrastructure and Transport (MOLIT) has cleared the path for a locally developed self-driving bus to be tested on the road. KT highlighted the momentous impact of the occasion in a public statement: “Until now, the Ministry of [...]

Majority of Car Buyers Interested in Purchasing Autonomous Vehicles

Majority of Car Buyers Interested in Purchasing Autonomous Vehicles

SEOUL, May 19 (Korea Bizwire) – Over six in 10 car buyers are interested in purchasing autonomous vehicles once they are commercialized, a recent survey has revealed. According to the survey conducted by used car website SK Encar last month, over 60 percent of the 1,635 respondents said they would consider buying an autonomous vehicle, while [...]

Government to Loosen Restrictions for Self-Driving Car Sensors

Government to Loosen Restrictions for Self-Driving Car Sensors

SEOUL, March 30 (Korea Bizwire) – The Ministry of Science, ICT and Future Planning (MISP) announced yesterday that it will ease the regulations on the maximum electric output of self-driving car antennas to encourage the development of sensors for smart cars. The new deregulation will loosen the restrictions currently placed on the electrical consumption of antennas [...]

Report Says Korea Should Look to UK for Autonomous Car Insurance Model

Report Says Korea Should Look to UK for Autonomous Car Insurance Model

SEOUL, March 20 (Korea Bizwire) – One of the industries that self-driving vehicles will reshape is the insurance sector, and the question of who should take responsibility in the event of an accident is still being debated in several countries, including South Korea, where autonomous vehicles are just starting to be introduced to the market. [...]