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Cepton, Inc. (NASDAQ: CPTN) to Help Accelerate Advancement of Vehicle Autonomy; Collaborates with NVIDIA DRIVE Sim(TM) to Add Its Lidar Models into Simulation Platform for Autonomous Driving

  • Cepton announced a collaboration with NVIDIA, a cutting-edge platform for large-scale, accurate multi-sensor simulation for autonomous driving; developed sensor ecosystem is essential for AV development and validation in simulation
  • NVIDIA DRIVE Sim(TM) allows users to test Cepton lidars and accelerate and scale deployment; Company expects to accelerate development of lidars for assisted and autonomous driving for global customers through this collaboration 
  • At the recent IAA Transportation 2022 conference, Cepton exhibited its Nova lidar integrated into a heavy-duty truck headlamp by ZKW Group GmbH

“Lidar is essential to autonomous mobility, but deploying lidar at scale entails extensive testing and validation, sometimes in scenarios difficult to access in real life,” said Dr. Jun Pei, co-founder and CEO of Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions. That’s why the Company teamed up with NVIDIA to add Cepton lidars into NVIDIA DRIVE Sim(TM) — an end-to-end simulation platform for large-scale, accurate multi-sensor simulation that supports autonomous driving development and validation from concept to deployment (https://ibn.fm/6Ys4y). “Simulation plays a significant role in bridging the gap between concept and deployment, and that’s why we are thrilled to offer access to simulated models of our lidars on the NVIDIA DRIVE Sim platform,” Pei concluded.

NVIDIA DRIVE Sim allows developers to recreate obstacles with their precise physical characteristics and place them in complex driving environments to construct realistic scenarios and identify and activate adequate lidar performance modes based on external signals such as speed and location. As a result, these models can help automakers and autonomous vehicle developers accelerate lidar deployment while minimizing real-world test driving, which enhances efficiency and reduces costs.

With this move, Cepton joined NVIDIA’s extensive ecosystem of sensor technology innovators, adding an accurate digital twin of its lidar technology to this cloud-based simulation platform for technology development. Digital twins enable developers to create AI-powered, physically authentic virtual replicas of objects, processes and environments continuously synchronized with real-world data inputs (https://ibn.fm/DYd4V). As the first lidar partner developing a solution that combines long-range and near-range lidars for 360° perception, Cepton seeks to minimize blind spots through its near-range Nova lidar, while its long-range Vista-X series is designed for obstacle detection at highway speeds across various realistic urban driving scenarios generated in NVIDIA DRIVE Sim.

In the words of Zvi Greenstein, general manager for Simulation at NVIDIA, a developed sensor ecosystem is critical for AV development and validation in simulation. “With the addition of Cepton sensor models, developers have access to a physically based lidar model that will significantly reduce the need for real-world data collection and testing,” he said.

With this collaboration, Cepton seeks to accelerate the development of lidar solutions for assisted and autonomous driving for global customers. NVIDIA DRIVE Sim simulations enable automakers and developers to work with Cepton’s lidar models in a virtual environment to identify suitable Cepton lidar sensors for specific application needs and integrate them with other sensor technologies, such as camera and radar. They can prototype sensor integrations, visualize lidar scan patterns in different settings, and optimize sensor configurations across features such as frame rate, field of view, and range of interest. In addition, NVIDIA DRIVE Replicator allows Cepton’s lidar models to generate synthetic datasets that empower the AI Deep Neural Networks training needed for multi-sensor fusion and AV perception.

“With DRIVE Sim’s powerful ray-tracing engine, we can build fully configurable, physically accurate models of our entire suite of products. These capabilities will enable developers to be more efficient and build safer products,” said Dr. Jun Pei, summing up the benefits of the newly announced collaboration for Cepton.

Cepton remains committed to supporting the vision of transportation transformation and is making strides in developing lidar technology that aims to deliver high-precision vehicle perception to enable safe autonomy. For example, the Company showcased an integrated lidar solution for automotive headlamps using its Nova lidar in a heavy-duty truck headlamp by ZKW Group GmbH, showing how lidar can be discretely embedded in small spaces around the vehicle to provide 360° perception. Nova is an award-winning near-range lidar with a combination of miniature size, high resolution, and superior field of view coverage in both vertical and horizontal directions.  Driven to become the go-to lidar supplier for the automotive industry, Cepton appears well placed to capitalize on the industry’s strong momentum.

For more information, visit the company’s website at www.Cepton.com

NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN

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