Ford Motor Company [NYSE:F] acquired Saips, a Tel Aviv, Israel-based provider of customized algorithmic solutions in the fields of computer vision and machine learning.
The amount of the deal was not disclosed.
Led by Udy Danino, Founder & CEO, Saips has developed algorithmic solutions in image and video processing, deep learning, signal processing and classification. Its portfolio consists of five algorithmic suites that provide solutions for computer vision challenges in the areas of detection, tracking, image enhancement, registration, segmentation, pattern recognition, positioning, 3D, prediction, video intelligence, etc.
According to a written note, the company’s expertise in artificial intelligence and computer vision will help Ford autonomous vehicles learn and adapt to the surroundings of their environment.
FinSMEs
22/08/2016