East Liberty-based RoadBotics has been acquired by French tire manufacturing giant Michelin.
The 2016-founded Carnegie Mellon University spinout specializes in using artificial intelligence to map the status and condition of a region’s infrastructure through visual and other data inputs. Its signature AI platform RoadWay has provided over 250 governments across the world with new assessment and management capabilities for their roads, per the company.
RoadBotics is led by cofounders Benjamin Schmidt, Ph.D., who is CEO, and Christoph Mertz, Ph.D., who is chief scientist. (Previous cofounder and CEO Mark DeSantis is now heading Bloomfield Robotics.) The company has previously raised $11.4 million in venture capital.
In a sparse press release on the news, Michelin said the deal would further Michelin DDi (or “Driving Data to Intelligence”), an initiative focused on preventative road safety, by incorporating RoadBotics’ computer vision technology. The service will be available in North America first before heading to Europe, the firm said.