PORTLAND, Ore., January 12, 2023 — PreAct Technologies, developer of short-range software-definable flash lidar, is acquiring Gestoos, a software developer based in Barcelona, Spain. Gestoos’ software platform enables users to quickly generate AI algorithms for their cases without specialized training. PreAct’s sensor solutions target automotive, trucking, robotics, and other industrial applications. Gestoos’ technology is currently being used or evaluated in these applications and is also being used in areas such as activity monitoring, industrial safety, freight logistics and consumer electronics, the companies said.
Terms of the deal were not disclosed.
Jeffrey Hannah, CCO of SBD Automotive, an automotive technology research and consulting firm, said the acquisition should improve PreAct’s ability to intelligently process sensor data at the edge. “The move also expands PreAct’s IP suite and reduces its reliance on system integrators to enable new applications and differentiated software to deliver his defined services,” said Hannah. says.
Using time-of-flight technology, PreAct’s TrueSense products create near-field scans to predict collisions. This technology enables countermeasures such as early deployment of airbags. Luminate powered by PreAct Technologies.
According to PreAct CEO Paul Drysch, combining a powerful AI algorithm development platform with Flash Lidar will enable customers to quickly solve difficult use cases. “For example, current in-cabin and cargo surveillance solutions were inadequate to provide the kind of performance OEMs and fleets were looking for,” he said. “Given the changing regulatory environment that requires accurate and stable cabin monitoring, this is a real problem.
“The Gestoos AI development platform is pre-integrated with our Flash Lidar solution and development environment, making AI training tractable for our customer’s engineers with minimal hand-holding.”
Combined with PreAct’s Flash Rider, you can complete algorithm development tasks in hours instead of weeks.
The acquisition comes less than a week after PreAct announced it had raised $14 million in Series B funding, with PreAct releasing its T30P flash lidar product last month. At the product release on Dec. 6, Drysch said the company has several production projects underway. “We have spent the last three years creating solutions that meet the needs of software-defined vehicles and provide the greatest long-term value. Our commitment is validated by Tier 1 and his OEM. ”
In 2021, PreAct won the 4th cohort of the Luminate NY Program’s Innovation Finals competition.