NEW YORK | July 13th, 2022 – RoadBotics, Inc., (“RoadBotics”), a US company specializing in road infrastructure image analysis, announced its sale to Michelin, a global leader in innovation and sustainable development for the mobility of people and goods.
Client
Michelin
Year
2022
Mavka Capital acted as the exclusive financial advisor to RoadBotics.
Founded in 2016, RoadBotics leverages artificial intelligence to analyze visual data collected on roads by cameras (mainly smartphones). Thanks to RoadBotics’ computer vision[1] know-how, the images are transformed into actionable insights, which helps road managers to identify priority maintenance areas.
With this acquisition, Michelin is fostering the development of services and solutions already offered by MICHELIN DDi (Driving Data to Intelligence), a Group activity committed to analyzing data and driving behavior. This transaction reinforces Michelin’s expertise related to Mobility Intelligence.
The computer vision expertise developed by RoadBotics, combined with Michelin’s DDi know-how, will provide unique insights on near-misses root causes based on driving behavior. As a result, their decisions will be easier, faster, more relevant, and their management of road safety more efficient. The service will initially be available in North America before being rolled out in Europe.
