Sunday, 24 September 2023

STERLING HEIGHTS, MICHIGAN ― StradVision, an AI-based vision processing technology company for Autonomous Vehicles and ADAS, announced that it has obtained the ISO 26262 certification for automotive functional safety from TÜV Rheinland, a globally renowned third-party testing, inspection and certification company.

The ISO 26262 certification was established as a global standard by the International Organization for Standardization (ISO) in 2011 to minimize risks from electric or electronic system malfunction in vehicles. StradVision, which recently unveiled its new North American headquarters in Sterling Heights, has been recognized as a software supplier with a high level of functional safety, satisfying automotive customers' demands by meeting the requirements of ISO 26262 throughout the development and management process of its camera perception software SVNet.

“The automotive industry is transforming into a new business that provides new mobility, transportation, and various experiences in the car as a service, and software is the most powerful driver of this change,” StradVision CEO Junhwan Kim said. “The acquisition of ISO 26262 Functional Safety Management certification demonstrates StradVision's competence as a global leader in software, a key component of future mobility innovation.”

Currently, the automotive industry is focused on adopting various driver assistance features in vehicles to improve safety and convenience for drivers and pedestrians. As the performance of semiconductors and adoption of diverse sensors in vehicles continues to increase, the importance of safety standards for software, and their level of sophistication, has also risen.

“StradVision has successfully built its management system that delivers camera perception software meeting the functional safety requirements for automakers and automotive tier-1 suppliers,” said Frank Juettner, CEO of TÜV Rheinland Korea. "We are pleased to present ISO 26262 certification for the software that will contribute to enhancing functional safety in the automotive industry.”

StradVision, established in 2014 in South Korea, continues to accelerate the advancement of Autonomous Vehicles. SVNet, its AI-based vision perception software, achieves higher efficiency in memory usage and energy consumption and can be customized and optimized to any system on a chip (SoC).

The software that has been honored with the Gold Award at the 2021 AutoSens Awards for Best-in-Class Software for Perception Systems is currently used in mass production models of ADAS and autonomous driving vehicles that support safety function Levels 2 to 4, and will be deployed in more than 50 vehicle models from 13 OEMs worldwide.

StradVision Appoints Sunghyun Chang as Chief Financial Officer  

StradVision has also announced the appointment of Sunghyun Chang as Chief Financial Officer (CFO). In this position, Chang will lead StradVision’s financial team and is responsible for corporate financial actions and strategic growth initiatives, as well as investor relations.

StradVision expects to further strengthen its overseas business capabilities by recruiting Chang, who has accumulated experience in international financial management throughout his career.

“This year, we plan to expand our business in key markets where major automakers are located, including North America, and for this, we want to strengthen investment and recruitment in overseas subsidiaries,” StradVision CEO Junhwan Kim said. “We anticipate that the appointment of Sunghyun Chang, Chief Financial Officer, who has experience in financial management in various industries, will give us greater strength to achieve this strategic goal.”

Chang is a finance expert who started his career at KPMG, one of the four largest accounting firms in Korea. During his tenure at KPMG, Chang served as an overseas dispatcher in Europe for three years. Since then, he has worked for various companies and industries such as Anheuser-Busch InBev, the world's largest brewer; Gencurix, a molecular diagnostic solutions company, and B2Link, a K-beauty commerce company.

Chang holds a U.S. Charted Financial Analyst (CFA) certificate in addition to his Certified Public Accountant (CPA) qualification, and has been mainly in charge of financial management of multinational corporations, attracting foreign investment for startups, and managing investor relations.

Published in NEWS

Editor's Note: In the article below, StradVision CEO Junhwan Kim talks about the advances being made in autonomous vehicle safety, and what it will take to get that technology to the masses in the coming years.


By Junhwan Kim, StradVision CEO  

As the number of vehicles around the world rapidly expands, the occurrence of traffic accidents and their fatality rate is increasing. According to the World Health Organization, more than 1.3 million people worldwide die in road accidents every year, and traffic accidents kill one person every 24 seconds.

An increase in the number of elderly drivers is also emerging as a new concern. In most developed countries, the proportion of elderly drivers over the age of 65 started to increase steadily in the 2000s, and by 2019, it increased by more than 50 percent. For example, the number of drivers over the age of 65 in the U.S., compiled by the U.S. NHTSA in 2019, exceeded 54.1 million, which is a significant increase of 35% compared to 2010. The reason we need to prepare for the aging of drivers is because of the high fatality rate in that age range, compared to other age groups in the event of a traffic accident. According to a survey of senior driver safety conducted by RAND Corporation, these drivers over the age of 65 have a lower accident rate than the average adult driver, but are 573% more likely to die in an accident.

Many countries are devising automobile safety policies to reduce traffic accidents and mortality, and recommend that automakers reflect these safety policies in driving technology. In response to these changes in government policy, OEMs are expanding the introduction of the Advanced Driver Assistance Systems (ADAS) for the safety of drivers and pedestrians. According to data released in 2021 by Strategy Analytics, the global ADAS industry size has already exceeded $20 billion in 2020 and is expected to reach $49.3 billion by 2025, a rapid growth rate of 17.7% per year.

Published in TECHNOLOGY

StradVision, a leading innovator in AI-based camera perception software for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles, announced that its SVNet software has achieved ISO 27001:2013 certification — a recognition of its proven commitment to the highest level of information security management. 

ISO 27001:2013 is one of the most widely recognized and internationally accepted information security standards — mandating continuous controls of operations, monitoring, maintenance and continuous improvement of the information security management system.

StradVision’s AI-based object recognition software, SVNet, is currently used in mass production models of ADAS and autonomous driving vehicles that support SAE Levels 2 to 4, and will be deployed in more than 8.8 million vehicles worldwide.

Published in TECHNOLOGY

StradVision, which specializes in AI-based camera perception for ADAS systems and Autonomous Vehicles, has announced it is developing Animal Detection capabilities for its deep-learning based SVNet software

In the U.S. each year, there are more than 1.5 million deer-related accidents, which cause around 200 human deaths and 10,000 injuries, plus more than $1 billion in property damage.

Published in TECHNOLOGY

Search Reviews by Make

AutoTechReviews  is your home for In-depth reviews of the latest cars, trucks, and SUVs; information on all the emerging vehicle technology; and breaking news from the world of NASCAR and other motorsports.