NEW
YORK, Nov. 6, 2024 /PRNewswire/ -- Nexar, a
leader in AI-powered mobility solutions, and Lyft (NASDAQ: LYFT),
one of North America's largest
transportation networks, today announced plans to partner,
leveraging Nexar's vast cutting-edge video telematics to create
data-driven solutions that accelerate the deployment of AV
technologies.
"Nexar's collaboration with Lyft is a pivotal moment in our
journey to accelerate the future of autonomous driving," said
Eran Shir, Chief Product Officer and
Co-Founder of Nexar. "By combining Nexar's unparalleled video data
capabilities with Lyft's vast rideshare network, we are setting a
new standard for AV training and real-world driving insights."
This collaboration will bring together Nexar's extensive video
data and insights—which includes over 45 petabytes of real-world
footage, spanning 200 million miles driven monthly, with over 5
trillion images and over 59 million videos—with anonymized and
aggregated Lyft marketplace data to create a comprehensive and
robust dataset for AV technology development.
"Data is the bedrock of a safe and scalable autonomous future.
Better data enables better outcomes, and we're looking forward to
working with Nexar's team to create rideshare-specific datasets for
our AV partners," said Jeremy Bird,
EVP at Lyft "This partnership is part of our work to make Lyft's
network the best way to commercialize AVs at scale, and empowers us
to use our rideshare expertise to push the entire industry
forward."
Together, Nexar and Lyft are working to shape the future of
autonomous transportation, accelerating AV technology development
and improving safety in the process.
For more information about Nexar, please visit
data.getnexar.com.
About Nexar
Nexar turns cars into vision sensors to understand the world.
Its platform powers vision-connected services and apps at scale,
making new vision-based applications for better driving, powered by
a crowd-sourced vision feed. Using anonymous, aggregated data
captured from this network, Nexar has developed a portfolio of
vision-based data services for the autonomous vehicle industry and
public and private sector partners to make roadways safer and more
efficient. More information at data.getnexar.com.
Forward-Looking Statements
Certain statements contained in this press release are
"forward-looking statements" about Lyft within the meaning of the
securities laws, including statements about Lyft's autonomous
vehicle strategy and partnerships and related plans, expectations,
technologies, benefits for drivers and riders, and an AV pilot
program launch. Such statements, which are not of historical
fact, involve estimates, assumptions, judgments and uncertainties.
There are a number of factors that could cause actual results or
outcomes to differ materially from those addressed in the
forward-looking statements. Such factors are detailed in Lyft's
filings with the Securities and Exchange Commission. Lyft does not
undertake an obligation to update its forward-looking statements to
reflect future events, except as required by applicable
law.
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SOURCE Nexar