To continue the development of next-generation radar sensor systems, Doosan Bobcat has announced a strategic equity investment in Ainstein AI.
Founded in 2015, Ainstein’s tech aims to enable safer driving, flying, working and living through radar-based technology.
The company’s mandate is to make radar more affordable and easier to deploy, offering complete customized solutions for autonomous drones, advanced driver-assistance systems (ADAS), autonomous vehicles and IoT applications.
“Radar sensor technology is a key component of our innovation accelerated strategy and ensures Bobcat provides the most productive machinery on any work site,” said Joel Honeyman, vice president of global innovation at Doosan Bobcat.
“Radar will enhance equipment performance and provide our customers with optimal productivity and the ultimate operator experience through sensor technology. Our investment with Ainstein allows us to work more closely to provide numerous solutions to our customers.”
Doosan Bobcat first announced its strategic partnership with Ainstein last June to identify solutions to help equipment owners and operators maximize productivity, efficiency and safety through technology.
The latest strategic investment is designed to generate several shared-value benefits between the companies and customers.
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Doosan Bobcat North America and Ainstein will further collaborate to create next-generation radar sensor solutions to detect objects on jobsites when using Bobcat equipment.
The Ainstein radar system collects object position data — like range, azimuth, elevation and doppler information — to provide real-time alerts to operators by incorporating a combination of mmWave radar, sensor fusion and artificial intelligence. The technology will enable obstacle avoidance solutions and future technologies that support autonomous operations.
“The investment from Doosan Bobcat is a validation of our technology and leadership position in next-generation sensor development,” said Andrew Boushie, vice president of strategy and partnerships at Ainstein.
“We are so thrilled to work with a strong, internationally-recognized brand like Bobcat. Together, we can advance technology that will benefit our companies and industry.”