Trending...
- Indies United is pleased to present our July 2025 book releases
- Bak Brothers, Inc. Expands Exterior Remodeling Services to La Grange, IL
- New Dad Battles Leukemia and Wins!
CHICAGO--(BUSINESS WIRE)--RoadDB's crowdsourced 3D maps and its localization software for automated driving in consumer vehicles have passed field trials with BMW, GM, Honda, Toyota, and Volkswagen. The company is pursuing $40 million in Series A funding and expects to win two production contracts in the first half of 2021.
Automated driving in consumer vehicles requires a 3D roadmap with more detail and accuracy than for navigation or advanced driver assistance systems. Also required is software that "localizes," or tracks vehicle position, within 10 cm in all drivable conditions and all normally traveled locations. For automated driving to function safely and reliably, the map must receive frequent updates across the entire road network. In addition, the entire solution must be affordable for consumer vehicles.
Founded by Navteq (now HERE) founder and former CEO T. Russell Shields, RoadDB spent six years developing AI software that processes data crowdsourced from cameras and other sensors already available in consumer vehicles to create a precise map that is updated wirelessly with little data usage. RoadDB's approach generates and updates the map more quickly and affordably than survey vehicles. In addition, RoadDB's localization software holds up even in rain and snow, on desert roads, and in tunnels and urban canyons.
More on illi News
"RoadDB is the next step in roadmaps, designed specifically for automated driving," Shields said. "RoadDB has developed its software from the ground up by working with major automakers to meet their requirements for functionality, cost, and ease of implementation."
Shields founded RoadDB in 2014 with proceeds from the 2008 sale of Navteq to Nokia for $8.1 billion. RoadDB received $95 million in private funding through December 2020. Shields says that, based on conservative business models, RoadDB is well positioned to achieve over $100 million in annual revenue by 2025 and a valuation of over $10 billion by 2028.
RoadDB provides a disruptive software solution for road data and localization for automated driving products (SAE Level 2+ to Level 4) in consumer vehicles. RoadDB also supports SAE Level 1/2 products such as lane centering, extended versions of automatic emergency braking (AEB), and stop-and-go adaptive cruise control. For more information visit www.roaddb.com.
Automated driving in consumer vehicles requires a 3D roadmap with more detail and accuracy than for navigation or advanced driver assistance systems. Also required is software that "localizes," or tracks vehicle position, within 10 cm in all drivable conditions and all normally traveled locations. For automated driving to function safely and reliably, the map must receive frequent updates across the entire road network. In addition, the entire solution must be affordable for consumer vehicles.
Founded by Navteq (now HERE) founder and former CEO T. Russell Shields, RoadDB spent six years developing AI software that processes data crowdsourced from cameras and other sensors already available in consumer vehicles to create a precise map that is updated wirelessly with little data usage. RoadDB's approach generates and updates the map more quickly and affordably than survey vehicles. In addition, RoadDB's localization software holds up even in rain and snow, on desert roads, and in tunnels and urban canyons.
More on illi News
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- Spur Chicago Announces "Mindfulness in eMOTION" Workshop
- Don't Get Left In The Dark: Duracell Urges Americans To Gear Up For A Stormier-Than-Average Season
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
"RoadDB is the next step in roadmaps, designed specifically for automated driving," Shields said. "RoadDB has developed its software from the ground up by working with major automakers to meet their requirements for functionality, cost, and ease of implementation."
Shields founded RoadDB in 2014 with proceeds from the 2008 sale of Navteq to Nokia for $8.1 billion. RoadDB received $95 million in private funding through December 2020. Shields says that, based on conservative business models, RoadDB is well positioned to achieve over $100 million in annual revenue by 2025 and a valuation of over $10 billion by 2028.
RoadDB provides a disruptive software solution for road data and localization for automated driving products (SAE Level 2+ to Level 4) in consumer vehicles. RoadDB also supports SAE Level 1/2 products such as lane centering, extended versions of automatic emergency braking (AEB), and stop-and-go adaptive cruise control. For more information visit www.roaddb.com.
Filed Under: Business
0 Comments
Latest on illi News
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- Naperville Police Participate in "Speeding Catches Up With You" Enforcement Campaign This July
- Glen Ellyn Team Wins Inaugural Plus Games at Batteries Plus's 2025 PlusCon
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Construcción del Corredor Norte–Sur (NSC) de Singapur
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Tarp Supply Inc.® Prepares to Celebrate 21 Years of Excellence in the Tarps Industry
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- ALIVE and KICKING: LAUGHTER NEVER GETS OLD has its World Premiere July 11-20 in St. Charles, IL
- AAR to announce fourth quarter fiscal year 2025 results on July 16, 2025