Skip to site menu Skip to page content

Daily Newsletter

16 September 2024

Daily Newsletter

16 September 2024

SiLC Technologies gets Honda investment 

To advance AI vision capabilities

Dani Cole September 16 2024

SiLC Technologies has announced it has received an investment from Honda to develop next-generation FMCW LiDAR solutions for all types of mobility.

SiLC says it is a leading developer of integrated, single-chip FMCW (Frequency-Modulated Continuous Wave) LiDAR solutions and focuses on enabling advanced AI-based machine vision.

Honda invests in innovative startups through its global open innovation program, Honda Xcelerator Ventures. This program is led by Honda Innovations, a subsidiary of Honda Motor Co., Ltd.

Manabu Ozawa, Managing Executive Officer, Honda Motor Co. said: “Honda is striving for zero traffic collision fatalities involving our motorcycles and automobiles globally by 2050. We believe that SiLC’s advanced LiDAR technology will become an important technology for us.”

Equipping vehicles with advanced AI vision capabilities that autonomously detect hazards, predict movements and prevent accidents can significantly enhance safety, efficiency, and reliability, SiLC says.

Dr. Mehdi Asghari, CEO of SiLC Technologies, said: "This investment from Honda, the world's largest mobility vehicle manufacturer, will accelerate our progress toward a society with fully autonomous solutions that enhance our safety and address our widely spread labor shortages across many critical markets.”

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close