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“Build autonomous vehicles driving brains” |
| Founded: 2016 in Beijing, China
Category: Autonomous vehicles & Artificial intelligence Primary office: Suzhou (China) Core technical team: Suzhou, China Status: Private Employees(estimated): 242 Amount raised: $203.2 million (11 rounds – June, 2019) |
OVERVIEW
PERFORMANCE METRICS
ACHIEVEMENTS
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Sells
- Momenta Self-driving: full autonomy solution designed for open roads
- Momenta Mpilot: autonomous driving software covering highway, parking, and urban scenarios
- Mpilot Highway: Integrated with high-definition map, an autonomous driving software solution created to provide the best possible driving experience, save driving time and improve safety on road
- Mpilot Parking: Provides intelligent valet parking experience via superior surround view perception, high precision in-door mapping and localization technologies
- Mpilot ICP (in-cabin camera perception): A deep learning based high-performance and automotive-grade perception software solution for interior vehicle environments, offering better driver safety for autonomous driving
- Mpilot FCP (front camera perception): Offers superior front-looking vision perception and high-precision localization
Channels
- Partnerships with major automobile manufactures (e.g., Toyota, Daimler)
Competencies
- “Mpilot + MSD”: Enacting a two-legged strategy of autonomous driving for mass-production passenger vehicles (Mpilot) and full autonomy (MSD) for mobility service vehicles
- Sells semi-automated software to fund research for self-driving technology, collect sensor data from real-life scenarios to feed models in the lab, and develop and upgrade products and services
- Apply big data, super-computing, model optimization, and artificial intelligence algorithms to develop core technologies (e.g., perception of pedestrians, vehicles and roads; high-definition maps; and data-driven path planning)
Resources
Assets
- Powerful backers – Daimler, AG and Tencent
- CEO/Founder, Cao Xudong, has professional experiences in artificial intelligence
- Professional R&D team – includes some of the world’s foremost experts on artificial intelligence and deep learning, including authors of Faster R-CNN, ResNet, and SENet
- Powerful data platform supporting deep learning technology empowering autonomous driving solutions
- Strategic partnership with Toyota, AMBA, NXPI for automated high definition mapping, automotive-grade driver monitoring solutions (DMS)
- Global offices including Suzhou, Beijing, and Stuttgart
- Chinese market solutions: perception algorithm and optimization for complex Chinese scenarios
Processes
- Through mass production and deployment of automatic driving software products, obtain massive amounts of data
- Continuous research and development of data-driven algorithms, closed-loop automation systems,
- Efficient iterative technology enhancement
- Focus on user experience – collect user feedback on official website
- Use crowdsourcing to build and upgrade high definition mapping software; enables low cost, high precision, and robust localization
- Closed loop automation – a systematic approach to achieve rapid iteration of autonomous driving algorithms, reduces repetitive work, focuses on core values, and thus optimizes the product development cycle
Priorities
- Principles – reliability, humanity, and efficiency
- Put safety first
- Further build partnerships
- Diversify product offerings
- Aim to help people live a better life with improved safety and efficiency of driving through artificial intelligence
- Provide world-leading autonomous driving products
Assertions That Best Describe What the Company Did to Scale Early, Rapidly & Securely
- Increase market share by applying digital technology to brand, market, sell, and service customers more cost-effectively than competitors
- Continuously improve the user interfaces and applications that directly influence the entirety of the customer experience including personalized content, quality messaging, and the delivery and returns process to increase sales
- Increase demand by using scientific and technological advances to develop innovative products and services
- Increase demand of products and services by combining two or more resources in a way that the value created from them exceeds the sum of the value created from each resource separately
- Increase demand by enabling users to participate in product and service development
- Increase sales by applying big-data analytics to produce information about users, suppliers and customers
- Define and implement the plan to scale with the effort, skills, and resilience to increase profitability
- Increase the company’s value by continuously seeking and receiving funding to support the company’s plan to scale and improve its image in the marketplace
References
- Crunchbase. 2020. Momenta https://www.crunchbase.com/organization/momenta-ai#section-overview
- Owler. 2020. Momentahttps://www.owler.com/company/momenta2
- Momenta website. https://www.momenta.cn/en/
- Bao Xiaogan. 2020. 专访Momenta CEO曹旭东：“技术癌”与他渐进式的自动驾驶之路 [online] Technode. https://cn.technode.com/post/2017-11-17/momenta/
Contributors
- Mengya Chen
