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Magneti Marelli Signs Agreement To Acquire French Company SmartMeUp

The company is focused on developing “perception software,” a key enabler for autonomous driving according to Magnet Marelli. 

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Magneti Marelli has announced the signing of an agreement for the acquisition of 100 percent of SmartMeUp, a French start-up operating in the field of “perception software” aimed at autonomous driving, smart cities and safety technology applications. Closing is expected to take place in the last quarter of 2018.

In particular SmartMeUp develops software for processing sensor’s signals, detecting and recognizing objects around the vehicle, allowing 3-D environment building and object movement tracking. This type of software will be a key enabler for autonomous vehicles, according to Magneti Marelli.

The differentiating feature of SmartMeUp’s software is that it requires low computing power and generates low heat, making it possible to be rolled out on a large scale for embedded automotive applications, according to the company. SmartMeUp also focuses on developing software for “Driver Monitoring,” which is included in the NCAP requirements roadmap, expected to be mandatory by 2020. The acquisition brings with it a group of highly skilled scientists and engineers, with proven capabilities in the field.

“The acquisition of SmartMeUp, combined with the investment in LiDAR expert LeddarTech and the long established lighting and electronics capabilities, strengthens Magneti Marelli’s contribution to autonomous driving development with focus on the sensing and perception components of the architecture,” said Pietro Gorlier, CEO of Magneti Marelli.

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The first step of the company’s strategy for autonomous driving was the development of the “Smart Corner” concept, which integrates sensors into the vehicle lights, and the investment in solid-state LiDAR expert LeddarTech, for the joint development of LiDAR systems. In addition, Magneti Marelli is internally developing automotive grade cameras and electronic control units for sensor fusion.

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