USA: Waymo, the self-driving car unit of Alphabet, said in its official blog that it’s going to start selling its autonomous car sensors to partners that don’t make self-driving cars.
The sensor is called the Laser Bear Honeycomb 3D perimeter, and it can be used in a multitude of different technological fields, including robotics.
In 2011, the company began selling its own set of sensors from ground up that also included three different type of LiDARs – the sophisticated sensors that measure distance with pulses of laser light. For over ten years, Waymo has been developing self driving technology with the sole aim for making it safe and easy for people.
The company’s customised LiDAR systems have been instrumental in making Waymo the first company in the world to put fully self-driving cars on public roads. Now, it is on a verge of making these sensors available to companies outside of self-driving — beginning with robotics, security, agricultural technology, and more — so they can achieve their own technological breakthroughs.
The licensing of the technology is one way for Waymo to create revenue going forward, in addition to its nascent autonomous ride-sharing business called Waymo One, which was launched in Phoenix in December.
Most of the financial institutions are persuasive of the company and Waymo could be worth more than $70 billion ad some have even quoted the company to be worth anywhere between $45 billion and $135 billion and by 2030, Waymo could generate revenue as much as $114 billion.
The sensors can focus up to four different objects in the laser beams in line of sight,” which means they are instrumental in avoiding crashes.