StradVision Receives Funding From Leading Global Automotive Supplier AISIN Group Through Its Corporate VC Fund Managed by Pegasus Tech Ventures
The Venture Capital firm strategically invests in StradVision’s AI-based camera perception software for Autonomous Vehicles and Advanced Driver Assistance
SAN JOSE, Calif.–(BUSINESS WIRE)–#AI—StradVision, an innovator in vision processing technology for Autonomous Vehicles and advance driver assistance, announced a strategic investment from Pegasus Tech Ventures, the Venture Capital-as-a-Service (VCaaS) fund manager.
Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley with $1.5 Billion under management and more than 35 corporate LPs. Through partnering and investing with Pegasus Tech Ventures, AISIN Group signals a new era for expansion and cooperation with StradVision, as both companies work together to meet the growing demands for driver-assistance technologies. StradVision’s solution will support millions of SUVs, sedans, and buses on the road soon.
“StradVision’s innovative deep learning-based camera software will become a major enabler of driver-assistance technologies and next levels of vehicle autonomy for mainstream implementations,” said Anis Uzzaman, General Partner & CEO of Pegasus Tech Ventures. “We are excited to support this strong team and look forward to seeing their groundbreaking work reach new heights in Autonomous Vehicles and ADAS systems.”
Uzzaman’s sentiments are echoed by StradVision’s CEO, Junhwan Kim, who expressed confidence in the partnership. “At StradVision, we appreciate Pegasus Tech Ventures and AISIN‘s commitment to our future as we lead the advancement of camera technology in Autonomous Vehicles. StradVision’s software solutions for ADAS and & Autonomous Vehicles are proving successful and attracting leading automakers and suppliers. We appreciate the Pegasus VCaaS model that enabled us to receive AISIN’s strategic capital through the Pegasus-managed fund and secure a great partnership with AISIN.”
Pegasus has a unique approach with a Venture Capital-as-a-Service (VCaaS) model for corporations around the world. To learn more about the model and portfolio companies, visit here.
About Pegasus Tech Ventures
Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley with $1.5 Billion AUM, that offers intellectual and financial capital to exceptional emerging technology companies around the world. In addition to a more traditional investment approach, Pegasus also offers a unique Venture Capital-as-a-Service (VCaaS) model for large, global corporations that wish to partner with cutting-edge technology startups. Some of the 35+ corporate partners that have invested into Pegasus-managed funds include ASUS, AISIN, SEGA, Sojitz, and Asahi Broadcasting Group Holdings Corporation. Through Pegasus, these corporations have been able to invest in 170+ companies such as 23andMe, Quibi, SoFi, Airbnb, Bird, and many more. Pegasus’ objective is to accelerate the success of the portfolio companies by connecting them to the multinational corporate partners to create opportunities for business development, manufacturing, distribution, and global expansion. Pegasus offers corporations looking to tap into innovation ecosystems, a sustainable model in turbulent macroenvironmental conditions. Learn more at www.pegasustechventures.com
About AISIN Group
AISIN Group is the sixth-largest global Tier One supplier of automotive components and systems such as brakes, transmissions, navigation systems, drivetrain, chassis, body, engine-related parts, electronics, and intelligent transportation systems, and the largest transmission manufacturer in the world. A $35 billion company, AISIN Group, has over 200 consolidated companies and employs approximately 120,000 people. In the Americas, AISIN Group companies include 14,000 employees, 36 manufacturing, sales, and R&D centers, including AISIN Technical Center of America located at the North American Headquarters in Northville, Mich., and FT-Techno of America, the company’s 950-acre test track and proving ground in Fowlerville, Mich. Learn more at www.aisin.com.
StradVision is an industry pioneer in vision processing technology. Its work will provide the software that allows Advanced Driver Assistance Systems (ADAS) in autonomous vehicles to reach the next level of safety, accuracy, and driver convenience, and help usher in the era of the fully autonomous vehicle. Learn more at www.stradvision.com.