Munich-based investor Yabeo has exited Terraloupe. The Munich-based tech startup, which uses algorithms to analyze aerial images, was acquired by Pittsburgh-based startup Edge Case Research in an asset deal.
The Munich-based startup Terraloupe, founded in 2014 analyzes aerial images and translates them into 3D image dataObjects such as windows, roof surfaces and street signs are automatically detected, classified and precisely measured using intelligent AI algorithms.
Edge Case Research, in turn, develops perception and risk analysis systems for autonomous applications in the mobility and robotics industries. For example, unsafe traffic situations with high hazard potential are detected and converted into learning signals that make self-driving cars safer. These "edge cases" are better recognized and optimized through self-learning through feedback effects—from the vehicle's onboard computer to the Edge Case Research platform and back to the vehicle. US companies such as the software developer Ansys and the defense company Lockheed Martin have already invested in Edge Case Research.
Terraloupe as part of Edge Case Research
This makes Terraloupe's solution a perfect fit for Edge Case Research, as the Munich-based company's deep learning algorithms and their ability to detect nearby objects such as pedestrians in autonomous driving complement Edge Case Research's developments, particularly in the area of machine learning.
"We are delighted to welcome the Terraloupe team to Edge Case Research. Top talent of this caliber is a key success factor for our continued growth in the autonomous mobility sector,"
says Michael Wagner, Chief Operating Officer (CEO) of Edge Case Research. The 14 employees of Terraloupe were taken over and can continue their research in the existing premises in Schwabing. Yabeo It is a successful exit after joining Terraloupe in 2019.
Edge Case Research's clients include automotive companies, fleet and mobility providers, and logistics service providers. In the future, reinsurers and primary insurers will increasingly be among its clients, who will rely on the company's safety metrics to gain an advantage over competitors in the risk underwriting of autonomous vehicles.
