Ambarella Inc.

Canopy Security, a Ford, ADT-backed joint venture, announces their Pickup Cam is now available for shipping nationwide via e-commerce site

Retrieved on:

Monday, October 30, 2023

Intelligence, Theft, Software, Transport, CV25, SOC, Spondias dulcis, Upstream, Ambarella Inc., Canopy

DETROIT, Oct. 30, 2023 /PRNewswire/ -- Canopy, a smart vehicle security startup, launched its first product, Canopy Pickup Cam, which is now available nationwide via their e-commerce site. Canopy was created in response to an increasing number of tradespeople and truck owners losing valuable tools, equipment, and gear to theft. The Pickup Cam is a connected security camera for pickup trucks, designed to provide real-time truck bed monitoring when the vehicle is parked and the owner is away.

Key Points:

DETROIT, Oct. 30, 2023 /PRNewswire/ -- Canopy , a smart vehicle security startup, launched its first product, Canopy Pickup Cam, which is now available nationwide via their e-commerce site .
Canopy was created in response to an increasing number of tradespeople and truck owners losing valuable tools, equipment, and gear to theft.
The Pickup Cam is a connected security camera for pickup trucks, designed to provide real-time truck bed monitoring when the vehicle is parked and the owner is away.
The CV25's power efficiency enables the Pickup Cam to provide comprehensive threat detection and alerts for extended periods of time.

Ambarella CFO Brian White to Retire at End of Fiscal Year 2024

Retrieved on:

Wednesday, October 18, 2023

Principal, Maxim Integrated, Market for corporate control, HGST, Ambarella Inc., Mellanox Technologies, Spondias dulcis, IBM, Integrated Device Technology, Management, Finance, Nvidia

SANTA CLARA, Calif., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Ambarella, Inc., an edge AI semiconductor company, today announced that Brian White will retire from his role as Chief Financial Officer at the conclusion of the current fiscal year ending January 31, 2024.

Key Points:

SANTA CLARA, Calif., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Ambarella, Inc., an edge AI semiconductor company, today announced that Brian White will retire from his role as Chief Financial Officer at the conclusion of the current fiscal year ending January 31, 2024.
John Young, Ambarella’s current Vice President of Finance, has been elected to assume the role of Chief Financial Officer effective at that time.
Earlier in his career, Mr. White held increasingly expanding roles at companies, including Nvidia, Hitachi GST, IBM and Deloitte.
The company plans to report its financial results for the third fiscal quarter, ending October 31, 2023, on November 30, 2023.

Billion Dollar Intelligent Drone Market Is Booming as Adoption Increases for Wide-Range of Industries

Retrieved on:

Wednesday, September 27, 2023

PALM BEACH, Fla., Sept. 27, 2023 /PRNewswire/ -- The intelligent drone market is expected to grow rapidly in the coming years, driven by the increasing adoption of drones in a wide range of industries, including commercial, consumer, and government. Intelligence is a key driver of growth in this market, as it enables drones to perform more complex tasks and operate in more challenging environments. A report from PRAGMA Market Research projected that the Intelligent Drone Market which was valued at USD 19.89 billion in 2022 and is expected to reach USD 57.16 billion by 2030, growing at a compound annual growth rate (CAGR) of 13% during the forecast period. The report said: "The intelligent drone market is being driven by a number of factors, including: Increasing adoption of drones in commercial and government applications: Drones are increasingly being used in a variety of commercial and government applications, such as aerial photography and videography, surveying and mapping, inspection, and delivery. Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods. Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors. These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones. Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), AeroVironment (NASDAQ: AVAV), Boeing (NYSE: BA), Ambarella, Inc. (NASDAQ: AMBA).

Key Points:

Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.
Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors.
These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.
Growing demand for consumer drones: Consumer drones are becoming increasingly popular, and there is significant potential for growth in this market.

Billion Dollar Intelligent Drone Market Is Booming as Adoption Increases for Wide-Range of Industries

Retrieved on:

Wednesday, September 27, 2023

PALM BEACH, Fla., Sept. 27, 2023 /PRNewswire/ -- The intelligent drone market is expected to grow rapidly in the coming years, driven by the increasing adoption of drones in a wide range of industries, including commercial, consumer, and government. Intelligence is a key driver of growth in this market, as it enables drones to perform more complex tasks and operate in more challenging environments. A report from PRAGMA Market Research projected that the Intelligent Drone Market which was valued at USD 19.89 billion in 2022 and is expected to reach USD 57.16 billion by 2030, growing at a compound annual growth rate (CAGR) of 13% during the forecast period. The report said: "The intelligent drone market is being driven by a number of factors, including: Increasing adoption of drones in commercial and government applications: Drones are increasingly being used in a variety of commercial and government applications, such as aerial photography and videography, surveying and mapping, inspection, and delivery. Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods. Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors. These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones. Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), AeroVironment (NASDAQ: AVAV), Boeing (NYSE: BA), Ambarella, Inc. (NASDAQ: AMBA).

Key Points:

Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.
Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors.
These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.
Growing demand for consumer drones: Consumer drones are becoming increasingly popular, and there is significant potential for growth in this market.

Global Heavy-Duty Autonomous Vehicle Market Report 2023: Sector is Expected to Reach $1,453 Billion by 2032 at a CAGR of 27.42% - ResearchAndMarkets.com

Retrieved on:

Thursday, July 6, 2023

Automotive, Other Automotive, Partnership, GPS, SOC, Lidar, Torc, Vehicle registration plates of Nepal, Robotics, Machine learning, Mining, Growth, AI, Transport, ZF Friedrichshafen, Torc Robotics, Environment, Safety, Ambarella Inc.

The "Heavy-Duty Autonomous Vehicle Market - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Heavy-Duty Autonomous Vehicle Market - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.
The global heavy-duty autonomous vehicle market was valued at $135.25 billion in 2022 and is anticipated to reach $1,453.20 billion by 2032, witnessing a CAGR of 27.42% during the forecast period 2023-2032.
The growth in the heavy-duty autonomous vehicle market is expected to be driven by growing demand for autonomous driving, rising developments and integration of heavy-duty autonomous vehicles in public transport for semi-autonomous and autonomous vehicles.
Heavy-duty autonomous vehicles offer a range of benefits, including increased safety, improved efficiency and productivity, and reduced labor costs.

Automotive Smart Display Market to Hit $20.07 Billion by 2030: Grand View Research, Inc.

Retrieved on:

Tuesday, June 13, 2023

SAN FRANCISCO, June 13, 2023 /PRNewswire/ -- The global automotive smart display market size is expected to reach USD 20.07 billion by 2030, registering at a CAGR of 7.7%, according to a new report by Grand View Research, Inc.

Key Points:

SAN FRANCISCO, June 13, 2023 /PRNewswire/ -- The global automotive smart display market size is expected to reach USD 20.07 billion by 2030, registering at a CAGR of 7.7%, according to a new report by Grand View Research, Inc.
The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and autonomous vehicles is expected to drive market growth.
Read full market research report, " Automotive Smart Display Market Size, Share & Trends Analysis Report By Display Size (Less than 5'', 5''-10'', Greater than 10''), By Display Technology, By Application (Digital Instrument Cluster, Center Stack), By Region, And Segment Forecasts, 2023 - 2030 ", published by Grand View Research.
Grand View Research has segmented the global automotive smart display market based on display size, display technology, application, and region
Automotive Smart Display Market - Size Outlook (Revenue, USD Billion, 2018 - 2030)

Automotive Smart Display Market to Hit $20.07 Billion by 2030: Grand View Research, Inc.

Retrieved on:

Tuesday, June 13, 2023

SAN FRANCISCO, June 13, 2023 /PRNewswire/ -- The global automotive smart display market size is expected to reach USD 20.07 billion by 2030, registering at a CAGR of 7.7%, according to a new report by Grand View Research, Inc.

Key Points:

SAN FRANCISCO, June 13, 2023 /PRNewswire/ -- The global automotive smart display market size is expected to reach USD 20.07 billion by 2030, registering at a CAGR of 7.7%, according to a new report by Grand View Research, Inc.
The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and autonomous vehicles is expected to drive market growth.
Read full market research report, " Automotive Smart Display Market Size, Share & Trends Analysis Report By Display Size (Less than 5'', 5''-10'', Greater than 10''), By Display Technology, By Application (Digital Instrument Cluster, Center Stack), By Region, And Segment Forecasts, 2023 - 2030 ", published by Grand View Research.
Grand View Research has segmented the global automotive smart display market based on display size, display technology, application, and region
Automotive Smart Display Market - Size Outlook (Revenue, USD Billion, 2018 - 2030)

Ambarella, Inc. Announces First Quarter Fiscal Year 2024 Financial Results

Retrieved on:

Tuesday, May 30, 2023

Pressure, Partnership, Loss, CV72, Share repurchase, Internet of things, GAAP, IP, Continental, CV3, Acquisition, Financial result, L4, Ambarella Inc., Security (finance), Bank

Revenue for the first quarter of fiscal 2024 was $62.1 million, down 31% from $90.3 million in the same period in fiscal 2023.

Key Points:

Revenue for the first quarter of fiscal 2024 was $62.1 million, down 31% from $90.3 million in the same period in fiscal 2023.
Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2024 was 60.4%, compared with 62.6% for the same period in fiscal 2023.
Financial results on a non-GAAP basis for the first quarter of fiscal 2024 are as follows:
Gross margin on a non-GAAP basis for the first quarter of fiscal 2024 was 63.1%, compared with 63.8% for the same period in fiscal 2023.
Non-GAAP net loss for the first quarter of fiscal 2024 was $6.0 million, or loss per diluted ordinary share of $0.15.

Seeing Machines, Ambarella and Autobrains Offer Combined Front ADAS and Driver Monitoring Solution in Single Box, Using Single System-on-Chip

Retrieved on:

Tuesday, January 3, 2023

Software, TEL, SOC, Original equipment manufacturer, DVR, CES, DMS, Brain, Perception, ADAS, Research, AI, OMS, GSR, European Commission, SDK, Euro NCAP, Investment, L3, Socs, MP, Human, OEM, AD, Ambarella Inc., AIM, Medical device, Video game console, Spondias dulcis

TEL AVIV, Israel and SANTA CLARA, Calif. and CANBERRA, Australia, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Autobrains Technologies Ltd., Ambarella, Inc. (Nasdaq: AMBA) and Seeing Machines Limited (AIM: SEE) today announced a strategic collaboration to offer three safety systems in a single box, using a single system-on-chip (SoC). Autobrains is an AI-pioneer mobility company that develops revolutionary self-learning AI technology and products covering all levels of advanced driver assistance systems (ADAS) and autonomous driving (AD); Ambarella, Inc. is an edge AI semiconductor company; and Seeing Machines Limited is a leading supplier of AI-powered driver and occupant monitoring systems (DMS and OMS) technology to improve transport safety. The companies’ joint offering provides automakers with a streamlined, single-box, multi-camera solution—including a forward-facing camera up to 8 megapixels (MP) and an in-cabin camera up to 5MP. This solution enables OEMs to increase vehicle safety and meet both front ADAS and DMS industry standards, including Euro NCAP and the European Commission General Safety Regulation (GSR).

Key Points:

This solution enables OEMs to increase vehicle safety and meet both front ADAS and DMS industry standards, including Euro NCAP and the European Commission General Safety Regulation (GSR).
This open-platform solution combines Seeing Machines’ embedded Driver Monitoring Engine (e-DME) software stack with Autobrains’ patented signature-based AI software stack on a single, power efficient, high-performance Ambarella CV2FS/CV22FS AI perception SoC.
“Autobrains’ self-learning Perception AI for ADAS and autonomous driving is transforming the next generation of mobility, responding to the industry’s limitations,” said Autobrains CEO Igal Raichelgauz.
To obtain the joint solution or schedule a CES meeting, contact the companies at the following links:

Continental and Ambarella Partner On Assisted and Automated Driving Systems With Full Software Stack

Retrieved on:

Thursday, January 5, 2023

The two companies will jointly develop scalable, end-to-end hardware and software solutions based on artificial intelligence (AI), for assisted and automated driving (AD), on the way to autonomous mobility.

Key Points:

The two companies will jointly develop scalable, end-to-end hardware and software solutions based on artificial intelligence (AI), for assisted and automated driving (AD), on the way to autonomous mobility.
The partners are combining Continental's software and hardware expertise and broad portfolio of automotive system solutions with Ambarella's computer vision know-how, powerful SoCs and software modules.
In addition to the development of camera-based perception solutions for ADAS, Continental and Ambarella are focusing on scalable full-stack systems for Level 2+ up to highly automated vehicles.
Continental contributes the hardware and large parts of the software to this partnership, while Ambarella provides the SoC platform and further software functionalities.