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Nauto, autonomous vehicle tech firm signs agreement with Allianz, automakers
Companies to work with Nauto to develop standard data platform.
Staff on October 12, 2016
Autonomous vehicle technology company Nauto has entered into strategic agreements with three major auto companies, including BMW i Ventures and Toyota Research Institute, as well as with Allianz Ventures, part of the Allianz Group. It wants to further its autonomous vehicle development using the Nauto cloud-based data learning platform.
The Nauto system — an in-vehicle camera and sensor hardware, a smart network and a continuous learning cloud — allows any vehicle, human or autonomously driven, to be retrofit with innovative safety and networking technology. At Nauto’s core is a perpetually learning artificial intelligence system which uses computer vision, GPS, vehicle sensors and data from its smart cloud to give a full, contextual and accurate picture and provide insights into driver behavior. It can detect potential driver distraction inside the car, as well as safety issues outside the vehicle. The system automatically uploads and tags road conditions and incidents that matter (drivers don’t need to manually input data) and alerts fleet managers to accidents, near-misses or major driving performance issues.
The agreements enable Nauto to significantly grow its artificial intelligence-powered deep learning network and accelerate deployment into shared vehicle fleets and eventually migrate from retrofit device into new production vehicles.
Under the agreements, Nauto and its auto and insurance industry partners will license data and technologies, including Nauto’s artificial intelligence-powered vehicle network. As more and more vehicles deploy Nauto, its connected car network will be populated with greater volumes of precise information on how drivers and vehicles behave and perform — understanding both how excellent drivers handle vehicles in real urban conditions as well as the combinations of errors, distraction, and challenging circumstances that lead to crashes. The resulting insights will improve fleet safety and operations near term to save lives and reduce liability and expenses.
“Having the participation of major players in the auto and insurance industry is essential in establishing a cornerstone as we re-imagine and build a safer, smarter and congestion-free transportation system,” said Stefan Heck, CEO of Nauto.
“The technology Nauto is developing has the potential to revolutionize the motor insurance business regarding claims handling, underwriting and profitability,” said Solmaz Altin, Chief Digital Officer of Allianz Group. “We are looking forward to piloting this technology to enhance our value proposition towards customers and to contribute to road safety.”
In addition, Nauto is working with the insurance industry to provide insights that help insurers offer enhanced services and build long-lasting customer relationships. Insurers get a more precise view of each and every driver that can help personalize coverage, deliver precision risk assessments, reduce fraudulent claims and provide enhanced urban mobility services for commercial fleets. Nauto’s artificial intelligence platform drives deep learning that goes beyond the basics of recorded events by capturing driver behavior, inside-the-vehicle activity and correlations from road, weather and traffic conditions. Nauto can not only rate drivers, but also detect patterns of near-misses and dangerous circumstances to coach and proactively warn drivers before accidents happen.
Nauto, autonomous vehicle tech firm signs agreement with Allianz, automakers
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