Traffic Technology Today.com
Subscribe to Traffic Technology
Subscribe to Traffic Technology
   Sort by: relevance most recent
  

NEWS >>

Vaisala acquires Finnish computer vision and AI company Vionice

One of the global leaders in environmental and industrial measurement, Vaisala, has purchased Finnish IT company Vionice Oy, which specializes in the use of computer vision and image processing for infrastructure asset management systems.

The deal follows Vaisala’s weather and environment business strategy in which the company stated that it is looking for both organic growth and growth through smart acquisitions that fit the focus segments and a selective expansion to environmental measurements. With the acquisition, Vaisala will bring Vionice’s product portfolio globally to its road and rail customers.

Vaisala also intends to use Vionice’s computer vision platform in a fast and agile manner and will spread the capability of the Vionice team and its offering more widely into Vaisala’s weather and environment customer segments. Vionice’s main product is RoadAI, which captures data from a smartphone camera and application.

Vionice was established in 2014 as a spin-off from the Computer Vision Laboratory at Lappeenranta University of Technology in Finland, and the company’s team of eight computer vision experts will transfer to Vaisala. The company’s strategy has been to enable real-time, cost-effective asset management and condition monitoring with automated image sourcing, computer vision and machine learning, through an easy-to-use platform delivered as a cloud service.

Powerful artificial intelligence (AI) algorithms enable traffic sign mapping, lane marking analysis, potholes and crack detection, and inventory maintenance of roadside assets. Road and rail authorities, contractors and cities can achieve new levels of observational intelligence and efficiency by automating manual data collection and information processing and by maintaining a real-time view into their assets and environmental conditions.

“Computer vision and use of AI are revolutionizing work at an accelerating pace in all industries. Vionice brings expertise and existing products to us in this field. We will work together to create the next generation of computer vision- and AI-based solutions for the road and rail sectors globally, by increasing the use of camera-based sensoring and intelligent algorithms packaged into an easy-to-use platform,” said Jarkko Sairanen, Vaisala’s EVP for weather and environment business areas.

“We are truly excited to be, if not the first one, at least among the first ones to bring a serious commercial offering using affordable cameras as sensoring devices connected to a highly intelligent computer vision platform to the market. We believe fusing this information with other observations combined with AI analytics have true potential to open some totally new innovations and offerings going forward.”

November 1, 2017

Written by Adam Frost

Email


RECEIVE THE
LATEST NEWS


Your email address:



Monthly Poll >>

Will the public ever accept road user charging?

MAGAZINE >>

Read latest issueNEW DIGITAL EDITION:

The Oct/Nov 2017 issue of Traffic Technology International is now online.

Click here to read digital version
Click here to subscribe

Read now >>

VISION ZERO >>

Read latest issueNEW DIGITAL EDITION:

The June 2017 issue of Vision Zero International is now online.

Click here to read digital version
Click here to subscribe

Read now >>

INTERTRAFFIC WORLD >>

Read latest issueNEW DIGITAL EDITION:

Intertraffic World 2018 showcase is now online.


Click here to read digital version
Click here to subscribe

Read now >>


TOLLTRANS >>

Read latest issueNEW DIGITAL EDITION:

Tolltrans 2017 is now online.



Click here to read digital version
Click here to subscribe

Read now >>