About MicroVision

MicroVision, Inc. operates as a global developer of lidar hardware and software solutions. The company focuses primarily on automotive lidar and advanced driver-assistance systems (ADAS) markets where it can deliver safe mobility at the speed of life. The company develops a suite of light detection and ranging, or lidar, sensors and perception and validation software to the automotive market for ADAS and autonomous vehicle (AV) applications, as well as to complementary markets for non-automotive applications, including industrial, robotics and smart infrastructure. In January 2023, the company completed the acquisition of certain assets of Ibeo Automotive Systems GmbH, which was founded in 1998 as a lidar hardware and software provider. Ibeo developed and launched the first lidar sensor to be automotive qualified for serial production with a Tier 1 automotive supplier and that is available in passenger cars by premium original equipment manufacturers (OEMs). Ibeo developed software solutions, including perception and validation software, which are also used by premium OEMs. In addition, Ibeo sold its products for non-automotive uses, such as industrial, smart infrastructure and robotics applications. For the automotive market, the company’s integrated solution combines its micro-electrical mechanical systems (MEMS) based dynamic-range lidar sensor and perception software, to be integrated on its custom ASIC, targeted for sale to premium automotive OEMs and Tier 1 automotive suppliers. The company’s advanced driver-assistance systems (ADAS) solution is intended to leverage edge computing and custom ASICs to enable its hardware and perception software to be integrated into an OEM’s ADAS stack. In addition to the company’s dynamic-range and long-range MAVIN sensor and perception software solution for the automotive market, its product suite includes short- and mid-range lidar sensors, both MEMS-based and flash-based, for automotive and industrial applications, including smart infrastructure, robotics, and other commercial segments. Also, the company’s validation software tool is used by OEMs and other customers, including Tier 1s for validating vehicle sensors for ADAS and AV applications. The tool includes software that automates the manual data classification or annotation process, significantly reducing the time and resources required by OEMs to validate their ADAS and AV systems. In the recent past, the company developed micro-display concepts and designs for use in head-mounted augmented reality, or AR, headsets and developed a 1440i MEMS module supporting augmented reality (AR) headsets. The company also developed an interactive display solution targeted at the smart speakers market and a small consumer lidar sensor for use indoors with smart home systems. The company is developing its lidar sensors and perception software to address the needs of the Level 2+, or L2+, and Level 3, or L3, ADAS markets to be used in automotive safety and autonomous driving applications. Products Following its recent acquisition, the company’s product suite includes its MEMS-based high-speed automotive lidar sensors, perception software, flash-based automotive lidar sensor, lidar sensors for non-automotive industrial markets, and reference and validation software. It also provides engineering services in connection with these hardware and software products. Central to the company’s development and commercialization efforts is the company’s MAVIN DR dynamic view lidar system targeted for sale to automotive OEMs and Tier 1 automotive suppliers. MAVIN DR combines short-, medium- and long-range sensing and fields of view into one form factor. Dynamic range is key to enabling ADAS features at highway speeds. At speeds of up to 130 km/h (80 mph), ADAS systems need more time to make decisions and react in order to take proactive action and hence need resolution at range. The company’s MAVIN DR sensor produces an ultra-high-resolution point cloud showing drivable and non-drivable areas of the road ahead. With its low latency point cloud (30 hertz), the MAVIN product line allows ADAS systems to respond more quickly, make split-second decisions and take action at high speeds. The company’s perception software integrated with its automotive lidar hardware, and eventually ported into its digital ASIC, is also targeted for sale to automotive OEMs and Tier 1 automotive suppliers. This perception software, included in the company’s acquisition of assets from Ibeo, has successfully passed through qualification processes with automotive OEMs. Also included in the company’s acquisition of assets are Ibeo’s sensors for the non-automotive industrial market and for the automotive market. These sensors support a revenue strategy that includes royalty revenues from automotive production, as well as sales in multiple markets, including industrial, smart infrastructure, robotics, and commercial vehicles. The company’s acquisition allows it to offer a system solution for validating vehicle sensors for ADAS and AV applications. The system includes software that automates the manual data classification or annotation process, significantly reducing the time and resources required by OEMs to validate their ADAS and AV systems. In addition to the auto-annotation software, sales of this validation solution may include the company’s lidar sensors. Sales and Marketing The company’s sales and marketing approach is account based, business-to-business targeting of OEMs and Tier 1 suppliers. Its business development efforts are headed by executive management and business development representatives and are supported by engineers that assist customers during the design cycles of products. The company’s business development office for its automotive solution is located in Germany. The company engages potential customers directly, participate in trade shows, and maintain a website. Intellectual Property and Proprietary Rights The company has over 400 issued patents and pending patents worldwide. With the closing of the Ibeo acquisition in January 2023, the company added approximately 330 patents to its portfolio. The company has registered the name ‘MAVIN’, ‘PicoP’, and ‘MicroVision’ with the United States Patent and Trademark Office. History MicroVision, Inc. was founded in 1993.