Doosan Bobcat North America announced a strategic equity investment with Ainstein AI, Inc., a startup radar technologies company, to continue the development of next-generation radar sensor systems.
“Radar will enhance equipment performance and provide our customers with optimal productivity and the ultimate operator experience through sensor technology," said Joel Honeyman, vice president of global innovation at Doosan Bobcat. "Our investment with Ainstein allows us to work more closely to provide numerous solutions to our customers.”
Doosan Bobcat invests in Ainstein AI to continue development of mmWave Imaging Radar with 4D Point Cloud Mapping for construction job sites. The two companies will further collaborate to create next-generation radar sensor solutions to detect objects on job sites when using Bobcat equipment.
Doosan Bobcat first announced a strategic partnership with Ainstein in June 2020 aiming to help equipment owners and operators maximize productivity, efficiency, and safety through innovation and technology. This latest strategic investment is designed to generate several shared-value benefits between the companies and customers.
The comapnies will further collaborate to create next-generation radar sensor solutions to detect objects on job sites when using Bobcat equipment. The radar system developed by Ainstein collects object position data—like range, azimuth, elevation and doppler information—to provide real-time alerts to operators.
Doosan Bobcat's investment in Ainstein AI comes at the completion of a Series A funding round. The investment agreement was finalized in December 2020.