Tyzx attracts automotive investment in 3-D machine vision

JULY 7--Tyzx Inc. (Menlo Park, CA, USA) has received a substantial investment from Takata (Tokyo, Japan; www.takata.com/English/Products), a manufacturer of automotive safety systems.

Jul 7th, 2006

JULY 7--Tyzx Inc. (Menlo Park, CA, USA) has received a substantial investment from Takata (Tokyo, Japan; www.takata.com/English/Products), a manufacturer of automotive safety systems. Tyzx, building on more than 15 years of research at Harvard, Interval Research, MIT, and Stanford, has developed a platform of hardware, software, and services for building affordable products that see and interact with the world in three dimensions. Tyzx delivers high volume, cost-effective 3-D vision solutions to industry leaders in automotive, consumer electronics, robotics, and security markets.

Takata is one of the largest suppliers of complete safety systems in the world. Takata produces a full line of seatbelt systems and components, airbag modules and inflators, electronic sensor units and modules, and steering wheels and clock springs, as well as a broad range of interior trim components. Takata is comprised of 48 manufacturing plants in 18 countries.

Industry experts believe that vehicles with 3-D vision safety features can help better protect drivers and passengers in collisions, help cars avoid accidents, keep vehicles in appropriate road lanes, and prevent many accidental backup injuries and fatalities, among other benefits. The European Union and Japan have already passed legislation mandating more "pedestrian-friendly vehicles." Future regulations will require additional measures to prevent pedestrian injury and could drive the need for systems that incorporate vision technology as developed by Tyzx and Takata.

"Cars that 'see' promise to be an incredible breakthrough for the automotive industry," said Ron Buck, CEO of Tyzx. "Our 3-D approach to computer vision solves the enormous technical problems that historically made this solution unaffordable for volume consumer markets such as automotive. Tyzx real-time 3-D stereovision tracking software, SEER, together with our DeepSea hardware technology, provides a small-format, high-performance, low-power, cost-effective delivery solution. That means soon we can all drive safer, smarter cars."

For more information, visit www.tyzx.com.

More in Boards & Software