Woven Planet to acquire CARMERA.

Woven Planet, a subsidiary of the Toyota Motor, agreed to acquire CARMERA, a US-based spatial AI company, which specializes in bringing next-generation road intelligence to automated mobility at scale. Financial terms were not disclosed. “With CARMERA joining the team, we’ll be able to hit the accelerator. CARMERA’s software stack, which is focused on real-time HD map changes and proprietary hardware custom-tailored to crowdsourcing, is an ideal complement to AMP’s mapping efforts. In addition, their world-class experts will allow us to bring forward the execution of key strategic milestones and jumpstart operations in the United States,” Mandali Khalesi, Woven Planet Vice President of Automated Driving Strategy and Mapping.