GWANGJU, South Korea–(BUSINESS WIRE)–In April 2020, SOS LAB, Korea’s ‘LiDAR’ sensing unit start up provider, protected line A+ purchase of your overall of USD 8 Million starting from a head expense from Korea Development Bank (KDB), taking the company’s overall budget increased at this point to USD 14 Million. It continuing to draw in investments just after protecting seed funds from ‘Future Play’, an accelerator for startup investors technological startups. On top of that, the involvement in the IPO group of Yuanta Securities from the purchase verified the need for the presence of SOS LAB being an promising computer new venture. Other investment businesses such as A projects, Emford Equity Partners, Ulmus Investment, KDB Capital, Shinhan Capital and Shinhan Financial Group also participated in the A+ rounded purchase. Despite a refuse normally monetary exercises due to COVID-19, startup investors SOS LAB successfully captivated your time and money and it has now unveiled its programs for your commercialization of LiDAR.
1) The Value SOS LAB Brings to the Autonomous Vehicle Market
It is essential for the motor vehicle to collect facts in a variety of problem that occurs while driving to genuinely recognize autonomous driving technology. Among the list of features needed to carry out this is a sensing unit. There is no ideal detector that permits consistent collection of information in all kinds of surroundings.
On account of these kinds of characteristics, different kinds of devices must be used for autonomous operating to enable them to go with each other well. The most regularly used detectors are radar, cameras and LiDAR detectors and among them, the LiDAR sensor, with its high resolution, collects info about the space between a automobile along with an subject and it is form in surroundings that your particular digicam or a radar sensor is unable to recognise.
Jiseong Jeong, the CEO of SOS LAB states: “In order to commercialize autonomous traveling modern technology that could be previously point 3, the technology readiness amount have to be heightened so your systems is protected adequate for buyers to utilize. A single miscalculation in judgement can lead to huge difficulties and consequently, safety factors are not really importance which can be affected in autonomous operating. Thus, liDAR sensors are completely necessary for sophisticated autonomous traveling.
We dream about a potential in which absolutely everyone experience safe flexibility using autonomous driving a car solutions used on as numerous autos as possible. For this reason we built commercialization from the automobile LiDAR sensing unit a top-notch top priority. However, there are constraints for commercialization when using mechanized checking, which is the framework on the current LiDAR sensors. This is exactly why we guaranteed the central systems for Solid-State LiDAR indicator that will gratify equally overall performance and durability while allowing bulk development at very low fees.”
2) Main Features (Seagate) of the Technology and also the Company’s Potential (MOU, Partnership)
The CEO also claims: “The setup of Solid-State LiDAR is crucial for motor vehicle LiDAR commercialization. This is due to you will discover pros concerning stability and value as it can be volume made in compact dimensions and ingredients. However, gratifying the fixed common (size, number ofpower and distance, and so on.) is the obstacle Solid-State LiDAR ought to conquer. SOS LAB discovers the solution towards the challenge throughout the core modern technology. Our cool product can diagnose far away items by presenting high electrical power irrespective of its smaller sizing, which is a ray-steering systems that lacks any shifting areas.”
In truth, SOS LAB revealed ML-1, the product which attached the previously mentioned technologies, at CES 2020. It not simply clearly shows the reduced price and size development prospective on the scratch-fashioned LiDAR and also revealed its primary characteristics such as the capacity to discover stuff over long distances and toughness via the primary technology.
Currently, the OEM and motor vehicle market is intending to produce automobiles which happen to have above degree 3 autonomous driving a car technology from 2021. SOS LAB mentioned that the commercialization with the motor vehicle LiDAR technological innovation of the above system should not be performed by just preparing the technology, and ongoing to describe about its options for production and accreditation.
Firstly, SOS LAB mentioned that it offers the creation/income expertise in the existing LiDAR, and also this speeds up the developing of ML, an automobile LiDAR sensing unit. ML-1, which is certainly LiDAR on Chip, is quickly becoming produced. Now we have definitely examined the technological innovation and qualification, and are also at the moment on the stage of analyzing the producing technology. Among the tactics we have now for development is ‘partnerships’.
Partnership can be a element in commercialization as it goes past obtaining merchandise trustworthiness and improving overall performance, to minimize the time consumed for item creation and making. The approach is to quickly safe performance & productiveness and recognition by means of relationships for each unit and possess SOS LAB enjoy a fundamental job utilizing its key engineering to the sensor’s style and design. SOS LAB said that it really has not only entered an MOU with ON Semiconductor in January but will also starting relationships with OEMs and startup investors electronic digital part suppliers both at home and overseas for the introduction of LiDAR. It showed formidable self-assurance about the commercialization of car or truck LiDAR sensing unit for 2021.
SOS LAB’s Future Business Plans (Roadmap)
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The most significant influence SOS LAB has around the up-to-date market place for a LiDAR startup investors is helping it on the potential future just where LiDAR-mounted driverless vehicles traverse every single street. It aspires to generate a lot of people use safe technological innovations throughout the LiDAR technological innovation, which can be sturdy and may detect products over extended distances. Furthermore, SOS LAB is likely to relocate past the freedom market place and broaden its company to varied several areas with its LiDAR engineering. The fact is, SOS LAB is presently offering stability choice LiDAR to buyers such as the Busan Port Authority (Korea) and it depicted its desires of growing its parts of creativity as being a provider which provides ‘more than safety’ to market segments for security, marketplace and robotics practical community, and many more.
For More Info
Website: http: //soslab.co/
YouTube: https: //www.vimeo.com/soslab
About SOS LAB
SOS LAB gives LiDAR (Light Detection and Ranging) sensors based on our in-property LiDAR technologies. SOS LAB’s LiDAR is likely to make autonomous sector, autos and robotics clever metropolis much better with the significant-high quality and priced reasonably 2D, 3 dimensional LiDAR detectors. We have knowledge of doing assignments with SEMES, SK Telecom, and KT because recognized in 2016. We have signed a LiDAR alliance MOU with ON Semiconductor on Jan 2020. Our engineering was recognized with CES Asia 2019 Innovation Awards in Vehicle Technology and that we have the most patents in South Korea.