Officials from LeddarTech have announced the company’s acquisition of Phantom Intelligence, including all of its intellectual property and technology. The procurement of Phantom Intelligence provides LeddarTech with access to specific LiDAR designs, software, and associated customer and partner projects. According to LeddarTech, the acquisition of Phantom Intelligence will also help reduce long-term costs for customers.
“The Phantom Intelligence acquisition further advances our strategy to aggregate and consolidate automotive sensing technologies, enabling LeddarTech to offer comprehensive solutions to our customers at lower costs,” explained Frantz Saintellemy, President and COO of LeddarTech. “At LeddarTech we have, despite the COVID 19 pandemic, accelerated our drive towards serving multiple transportation and vehicle markets with end-to-end sensing solutions that provide our ADAS and AD customers a faster path to market at lower costs.”
The transaction of Phantom Intelligence, which closed on September 14th, is the second major acquisition for the company in 2020. Earlier this year, LeddarTech announced its acquisition of VayaVision, a perception software and sensor fusion company based in Tel-Aviv, Israel. “The acquisitions of VayaVision and Phantom Intelligence, combined with our decade-long expertise in groundbreaking Levels 1 through 5 ADAS and AD sensing technologies, demonstrate our commitment to continuous innovation and service to our Tier 1 and 2, OEM, and autonomous mobility customers,” Saintellemy said.
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Additionally, LeddarTech announced strategic partnerships with STMicroelectronics and First Sensor to develop a LiDAR Evaluation Kit. Those announcements were part of a larger initiative by LeddarTech called the Leddar Ecosystem, a connected group of suppliers that support the LeddarEngine, the company’s LiDAR platform.