A New Era in Mapping: DeepMap to be Acquired by NVIDIA
Message from DeepMap’s Co-Founders James Wu and Mark Wheeler
Dear DeepMap colleagues, customers, partners, and supporters:
Today we are thrilled to announce that DeepMap has agreed to be acquired by NVIDIA (NASDAQ: NVDA).
This is an incredibly exciting and transformational opportunity for our company and for the industry.
We founded DeepMap in 2016 because we saw a clear path leading to the autonomous vehicle (AV) revolution. We realized early on that there was a huge unmet need for core mapping technology to support autonomy on a large scale.
In NVIDIA, we have found a partner who shares our vision.
NVIDIA is a world-class and highly-innovative company. Joining forces with it will allow our team and our technology to scale more quickly and benefit more people sooner.
The AV revolution will save millions of lives, and improve productivity and efficiency. It is a revolution worth fighting for. Together with the NVIDIA team, we will continue on our journey to make the world safer through autonomy.
James Wu, Co-Founder and CEO, DeepMap
Mark Wheeler, Co-Founder and CTO, DeepMap
PS: Read the NVIDIA blog post here. The deal is expected to close in Q3 2021 and is subject to customary closing conditions.