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Hungarian self-driving car toward world success
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AdasWorks received investment worth nearly HUF 700 million for a self-driving vehicle development which is 200 times cheaper than Google’s car, szeretlekmagyarorszag.hu wrote.
The company got two and a half million dollars to expand and hire new Hungarian professionals. It has been working on a robotic-guided, self-driving car for several years. The investors were interested in their technology despite the fact that Google has been testing its self-propelled car on the road since 2011. At first it may seem AdasWorks has 4-5 years of disadvantage. But what does the Hungarian company do that they could be the next world-renowned success story?
From chips to self-driving cars
AdasWorks separated from Kishonti Kft., the latter tests chips for tablets, cell phones. During the smartphone revolutions, chip producers competed with each other, and they had to test the products of the manufacturers. In practice, this testing service was purchased by all major device and chip maker. It was important for AdasWorks because the working relationship was formed which eventually led to the developments of car software.
Six years ago, NVidia asked them to create a demo for a car software as well. Then they realized the next smart device could be the car. They hired experts and made a division within the company which only dealt with this. This division became AdasWorks which works on an intelligent software making cars self-propelled, szeretlekmagyarorszag.hu wrote.
Why they?
According to Laszlo Kishonti, CEO of the company, the production cost of their whole system is only USD 200-300. The sensor of the Google car is HUF 20 million. It is pretty unreal that someone buys a car worth 5 million Forints with a 20 million-Forint radar on the top, Kishonti thinks.
The technology of AdasWorks is based on that 5 cameras are enough for the total self-drive. Two cameras are ahead, one is on each side and one in the back. Their software is able to drive a car in accordance with the pictures of the five cameras.