SEOUL,
South Korea, June 17,
2024 /PRNewswire/ -- STRADVISION, the creator of
award-winning AI-powered image recognition software 'SVNet', was
honored with the 'Global Innovator Award' at the 'NextRise 2024
Seoul', a global startup fair held at COEX in Samseong-dong,
Seoul on June 14th.
NextRise 2024, now in its sixth year, is hosted by KDB Bank
(Korea Development Bank) and the Korea International Trade
Association (KITA). This event brings together over 500 domestic
and international startups and global companies to showcase
innovative technologies through exhibitions, business meetings, and
lectures. Award-winning companies are selected through a
comprehensive evaluation of technology, business feasibility, and
team competitiveness.
STRADVISION received the 'Global Innovator Award' for its deep
learning-based vision perception technology, SVNet, which is
distinguished by its ultra-light design and exceptional efficiency.
Since its commercial launch in 2019, SVNet has been adopted by 13
automakers across 50 vehicle models. It is installed in more than 2
million vehicles worldwide, enhancing road safety and
convenience.
Taesan Kwon, Vice President of
Project Management of STRADVISION, expressed his gratitude,
stating, "We are thrilled and thankful for the recognition of
STRADVISION's unmatched technology and efforts in the global
market, which align with our customers' forward-looking vision." He
continued, "As a leading Korean company with a worldwide presence,
we will enhance our global competitiveness and continue our
evolution into a future-focused enterprise."
Meanwhile, STRADVISION is preparing for an initial public
offering (IPO) to apply for listing on the Korea Securities Dealers
Automated Quotations (KOSDAQ) market in the second half of this
year. The KOSDAQ Technology Special Listing is a system on the
Korea Securities Dealers Automated Quotations (KOSDAQ) market
designed to facilitate the listing of technology-intensive
companies. The company recently passed the technology evaluation
for KOSDAQ's special technology listing with an 'A, A' rating.
Since its establishment in 2014, STRADVISION has pioneered data
processing technology essential for automotive ADAS perception
solutions, advanced 2D and 3D algorithms, and the
hardware-independent Common Platform Framework (CPF), a versatile
and hardware-independent software framework integral to its
pioneering automotive ADAS perception solutions, known for its
adaptability across chipsets and recognized for top-tier technology
reliability and regulatory compliance. Its independent development
and adaptability to both low and high-end chipsets have earned high
praise, along with top marks for technology reliability and
regulatory compliance, including GSR, Euro NCAP 5-star ratings, and
TISAX AL3 certification.
For more information on STRADVISION and its cutting-edge
technologies, please visit STRADVISION.
About STRADVISION
Founded in 2014, STRADVISION is an automotive industry pioneer
in artificial intelligence-based vision perception technology for
ADAS. The company is accelerating the advent of fully autonomous
vehicles by making ADAS features available at a fraction of the
market cost compared with competitors. STRADVISION's SVNet is being
deployed on various vehicle models in partnership with OEMs; can
power ADAS and autonomous vehicles worldwide; and is serviced by
over 300 employees in Seoul, San
Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with
Frost & Sullivan's 2022 Global Technology Innovation Leadership
Award, the Gold Award at the 2022 and 2021 AutoSens Awards for
Best-in-Class Software for Perception Systems, and the 2020
Autonomous Vehicle Technology ACES Award in Autonomy (software
category). In addition, STRADVISION and its software have achieved
TISAX's AL3 standard for information security management, as well
as being certified to the ISO 9001:2015 for Quality Management
Systems and ISO 26262 for Automotive Functional Safety.
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SOURCE StradVision