Milan, Italy – Fiat Chrysler Automobiles (FCA) subsidiary Magneti Marelli, a Tier 1 supplier to several automakers, is buying SmartMeUp, a French startup that makes perception software aimed at autonomous driving, smart cities, and safety technology applications. Closing is expected to take place in the last quarter of 2018.
SmartMeUp software processes sensor signals, detecting and recognizing objects around the vehicle, allowing 3D environment building and object movement tracking. It requires low computing power and generates little heat, making it possible to be rolled out on a large scale for embedded automotive applications.
The company is also developing driver monitoring software, a requirement for upcoming European safety regulations, expected to be mandatory by 2020.
"The acquisition of SmartMeUp, combined with the investment in LiDAR expert LeddarTech and the long-established lighting and electronics capabilities, strengthens Magneti Marelli's contribution to autonomous driving development with focus on the sensing and perception components of the architecture," said Magnetti Marelli CEO Pietro Gorlier.