Kneron to Acquire OTUS in a Move to Accelerate Autonomous Vehicle Applications
Leading full-stack edge AI company Kneron announces that it will acquire OTUS, a subsidiary of VIVOTEK (a Delta group company). OTUS is a camera and imaging solutions provider specializing in applications for automotive, virtual reality, as well as other panoramic scenarios. Over the past two years, the company has worked closely with Kneron to jointly commercialize several automotive applications.
As a vehicle solutions provider, OTUS has experienced over the past few years substantial business expansion as well as strong customer stickiness due to the high growth trajectory of automotive markets. The company provides ADAS and DMS functions such as road object detection and driver behavior monitoring. OTUS serves a roster of global customers, a majority of which presently come from US and Japanese markets.
Whereas OTUS solutions have become the preferred imaging solution of multiple renown Japanese vehicle makers with established, long-term partnerships to the company, automotive customers are also increasingly demanding AI-integrated camera functions.
According to OTUS CEO Alex Chiu, “Throughout past years, OTUS has created multiple SoC solutions with superior imaging capabilities to serve the needs of our auto customers. However, these solutions did not include AI functions. By integrating Kneron’s edge AI capabilities with OTUS’s advanced imaging solutions, we are able to create more complete product lines that will better serve our automotive customers.”
Prior to the ongoing acquisition, Kneron and OTUS have closely collaborated on full stack solutions integrating both hardware and software. These solutions serve ADAS and DMS functions targeted at automotive customers.
Kneron founder and CEO Albert Liu states: “Through our previous collaborations, OTUS has been an invaluable partner that gave Kneron inroads to tier 1 Japanese automotive customers. Post acquisition, enabled by OTUS’s strong imaging technology and industry channels, we will continue working together to expand AI applications across larger global markets.”
News Source: Kneron
Author: Srinivasa Reddy N