Nvidia bought DeepMap to improve its autonomous driving maps. This was reported by Nvidia without providing any financial details.
Autonomous driving maps need to be much more detailed than maps that people use to navigate themselves. According to Nvidia, it amounts to accuracy down to the centimeter. And that’s what DeepMap’s high definition maps provide.
DeepMap was founded just five years ago by James Wu and Mark Wheeler who previously worked at Google, Apple and Baidu.
On the basis of regulatory approval, the transaction will be completed in the third quarter of this year.