StradVision announced on the 24th that it had secured overseas investment from Aisin Seiki Group, a global Tier 1 automotive supplier, through Pegasus Tech Ventures. The amount invested in this round was not disclosed. StradVision is an AI-based startup that develops camera-based object recognition software for autonomous driving.

Pegasus Tech Ventures, which led StradVision’s latest overseas investment, is a global venture capital firm headquartered in Silicon Valley, with offices across North America, Europe, and Asia. It works with more than 35 limited partners (LPs) worldwide. Aisin Group, owned by Toyota Group, is one of Japan’s leading auto parts companies and ranks sixth in the world by size.

StradVision plans to expand its collaboration with Aisin Group on next-generation advanced driver assistance systems (ADAS) and autonomous driving technology through this investment.

StradVision’s autonomous driving software, SVNet, provides road safety features such as lane detection, traffic light and sign detection and recognition, object detection, and drivable-area detection. The company also researches and develops software for applications including pedestrian and vehicle behavior prediction, animal detection, gender detection, and automated labeling tools.

Anis Uzzaman, CEO of Pegasus Tech Ventures, said, “We expect this investment to help StradVision’s innovative deep-learning object recognition software take driver assistance systems and autonomous driving to the next level.”

StradVision CEO Junhwan Kim said, “StradVision’s software solutions are recognized by leading automakers and suppliers in Korea and abroad. We are grateful for Aisin Group’s strategic investment through Pegasus Tech Ventures.”

StradVision was founded in 2014 by Ph.D. graduates from POSTECH and KAIST. It has offices in Seoul, San Jose, California, and Germany. Its autonomous driving and ADAS technologies have earned recognition through a range of projects with automakers and Tier 1 suppliers in Germany, Japan, China, the United States, and Korea.

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