tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Serve Robotics adds Voysys teleoperation tech to autonomy platform offering

Serve Robotics (SERV) announced its acquisition earlier this year of the assets of Phantom Auto Inc. and its subsidiary, Voysys AB, a Swedish pioneer in ultra-low latency video streaming, connectivity, and teleoperation technology. The acquisition enhances Serve’s technology stack to support its rapidly growing fleet of autonomous delivery robots. The assets were acquired for cash consideration of approximately $5.75M Voysys, founded in 2014, has developed industry-leading video and data streaming solutions that enable connection to autonomous vehicles, machinery, and robots over heterogeneous networks. Its proprietary bandwidth regulation, advanced video compression, and multi-link redundancy enable a glass-to-glass latency as low as 50 milliseconds, setting a new benchmark for safe and reliable connectivity, and its visualization toolbox allows customers to customize their user experience with 3D, VR, bird’s eye, and other views. Voysys will continue to operate as a standalone video streaming and teleoperation technology provider. As part of Serve, the company will maintain and expand its existing contracts with global clients including a major European commercial vehicle manufacturer, a middle-mile autonomous trucking company, and next-generation robotics company Maniro AI. In addition, Serve will support the expansion of Voysys’ capabilities to better support clients across myriad industries, strengthening the global ecosystem for autonomous vehicles and robotics in parallel with Serve’s own rapidly scaling fleet. Voysys will operate as part of Serve’s Software & Data Services platform, focused on monetizing and generating recurring revenues from proprietary technologies. This acquisition underscores Serve’s commitment to investing in mission-critical capabilities as it scales. Together with the company’s recent acquisition of Vayu Robotics to accelerate adoption of end-to-end foundation AI-based autonomy, it positions Serve at the forefront of the autonomous delivery and embodied AI industries.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1