Bosch acquires Five to accelerate software development for automated driving
16 April 2022
Bosch is acquiring the UK-based automated driving startup Five. Five is to be part of the Bosch Cross-Domain Computing Solutions division.
Five gave preference to Bosch over other takeover bidders. The two companies share a common vision of automated driving and of safe automated driving systems. The agreements with Five were signed at the beginning of April. It has been agreed that the financial details will not be disclosed. The acquisition is still subject to approval by the antitrust authorities.
Automated driving is set to make road traffic safer. We want Five to give an extra boost to our work in software development for safe automated driving, and offer our customers European-made technology.
—Dr. Markus Heyn, member of the Bosch board of management and chairman of the Mobility Solutions business sector
Since it was set up in 2016, Five has built a team of experts in cloud software, safety assurance, robotics and machine learning, and has placed itself at the forefront of developing state-of-the-art software and artificial intelligence-based solutions for autonomous driving, through SAE Level 4.
The startup now focuses primarily on a cloud-based development and testing platform for the software used in self-driving cars. This offers engineers the programs they need to create automated driving software at pace, and to test it before and during its deployment in test vehicles. The platform is able to analyze real data from a fleet of test vehicles, create advanced testing scenarios, and build a simulation environment that makes it possible to assess and validate system behavior at hyper-scale.
Five focuses primarily on a cloud-based development and testing platform for the software used in self-driving cars. This offers engineers the programs they need to create automated driving software at pace, and to test it before and during its deployment in test vehicles. The platform is able to analyze real data from a fleet of test vehicles, create advanced testing scenarios, and build a simulation environment that makes it possible to assess and validate system behavior at hyper-sacle. Picture: Five.
At Bosch, Five will strengthen the company’s agile project structure for the development of self-driving cars. The two teams’ software engineering environments complement each other very well, and will be merged to form a single solution.
For Bosch, moreover, the acquisition is a further step toward consolidating its market position in software and automated driving. Only recently, the company extended its portfolio by acquiring Atlatec GmbH, a specialist in the field of high-resolution digital maps. Bosch will be the only company that can offer its customers all the necessary building blocks of automated driving from a single source: from actuators, sensors, and maps to software and the engineering environment.
For Bosch, automated driving is and will remain a strategic business field. Bosch is taking a two-pronged approach. On the one hand, with the aim of making driving safer and more relaxed, it is developing solutions for private vehicles with a focus on driver assistance and on partially and conditionally automated systems (SAE Levels 1 to 3).
On the other hand, the team is also working on solutions for higher levels of automation, with a focus on fleet vehicles and new operating models. In the logistics sector in particular, Bosch sees attractive applications and business potential for SAE Level 4 automated driving systems. Moreover, Bosch has already developed automated valet parking, the first production-ready driving function not to require a driver.
There is a man saying that in the future people won't own and drive car anymore. Car will be driverless and powered by batteries and people will be driven by taxi companies owing these cars, saving you 5 000$ a year because the ride cost next to nothing by not having to buy a car , to pay a driver, to pay for gasoline . Also you don't have to park your car 23 hours a day and walk from the parking slot to your destination. This man was a stock adviser trying to sell stocks to buy from these new start-up companies.
I looked at the video but i didn't buy his product, nor invested in new stocks.
Posted by: Gorr | 16 April 2022 at 05:24 PM