Vector Acquires EYYES as Strategic Partner

Software provider Vector Informatik has acquired a majority stake in AI and camera sensor specialist EYYES GmbH. The acquired company will continue its business activities independently, the companies said.

EYYES has developed technologies for driver assistance and traffic perception with artificial intelligence based on camera sensors. Its technology enables warning systems for front collision, approach, reversing, rear-end and turn-off warning.

According to Vector CEO Thomas Riegraf, the acquisition will enable technological synergies between the companies in driver assistance for rail and commercial vehicles. EYYES founder and CEO Johannes Traxler believes the acquisition and partnership will enable partnerships for large and series projects and catalyze continued growth.

Founded in 2013 as AVI Systems, EYYES currently has 28 employees across three locations in Austria and Germany. The company cooperates with international research institutes such as AIT, Software Competence Center Hagenberg, and Fraunhofer. EYYES is involved in various research projects exploring the use of AI in traffic to improve safety.

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Published: March 2024

Glossary

camera: A light-tight box that receives light from an object or scene and focuses it to form an image on a light-sensitive material or a detector. The camera generally contains a lens of variable aperture and a shutter of variable speed to precisely control the exposure. In an electronic imaging system, the camera does not use chemical means to store the image, but takes advantage of the sensitivity of various detectors to different bands of the electromagnetic spectrum. These sensors are transducers...
artificial intelligence: The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.
machine learning: Machine learning (ML) is a subset of artificial intelligence (AI) that focuses on the development of algorithms and statistical models that enable computers to improve their performance on a specific task through experience or training. Instead of being explicitly programmed to perform a task, a machine learning system learns from data and examples. The primary goal of machine learning is to develop models that can generalize patterns from data and make predictions or decisions without being...

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