- Home
- Company
- News & Media
- Press Releases
- Doosan Bobcat North America Announces Investment in Ainstein AI to Elevate Radar-Sensing Solutions
Doosan Bobcat North America Announces Investment in Ainstein AI to Elevate Radar-Sensing Solutions
Published on February 10, 2021
WEST FARGO, N.D. (January 14, 2021) – Doosan Bobcat North America announced today a strategic equity investment with Ainstein AI, Inc., a startup radar technologies company located in Lawrence, Kan., to continue the development of next-generation radar sensor systems for Bobcat® equipment solutions.
“Radar sensor technology is a key component of our innovation accelerated strategy and ensures Bobcat provides the most productive machinery on any work site,” said Joel Honeyman, vice president of global innovation at Doosan Bobcat. “Radar will enhance equipment performance and provide our customers with optimal productivity and the ultimate operator experience through sensor technology. Our investment with Ainstein allows us to work more closely to provide numerous solutions to our customers.”
Doosan Bobcat first announced a strategic partnership with Ainstein in June 2020 to identify forward-looking solutions to help equipment owners and operators maximize productivity, efficiency and safety through innovation and technology. This latest strategic investment is designed to generate several shared-value benefits between the companies and customers.
Doosan Bobcat North America and Ainstein will further collaborate to create next-generation radar sensor solutions to detect objects on jobsites when using Bobcat equipment. The radar system developed by Ainstein collects object position data — like range, azimuth, elevation and doppler information — to provide real-time alerts to operators by incorporating a combination of mmWave radar, sensor fusion and artificial intelligence. This technology will enable obstacle avoidance solutions and future technologies that support autonomous operations.
“The investment from Doosan Bobcat is a validation of our technology and leadership position in next-generation sensor development,” said Andrew Boushie, Vice President of Strategy and Partnerships at Ainstein. “We are so thrilled to work with a strong, internationally recognized brand like Bobcat. Together, we can advance technology that will benefit our companies and industry.”
Doosan Bobcat’s investment in Ainstein AI comes at the completion of a Series A funding round. The investment agreement was finalized in December 2020.
About Doosan Bobcat North America
Doosan Bobcat North America, headquartered in West Fargo, North Dakota, is a leading global manufacturer of construction, agriculture, landscaping and grounds maintenance equipment, attachments and services. The company is committed to empowering people to accomplish more. Doosan Bobcat North America is home to world-renowned brands, including Bobcat® compact equipment, Doosan® portable power products, BOB-CAT® mowers, Ryan® and Steiner® grounds maintenance equipment and Geith® attachments. Doosan Bobcat North America is a tradename of Clark Equipment Company.
About Ainstein
Founded in 2015, Ainstein enables safer driving, flying, working and living through radar-based technology. Leveraging our radar technology and expertise, we are continuously imagining, developing and perfecting products that haven’t been built before. We make radar more affordable and easier to deploy, offering complete customized solutions for autonomous drones, advanced driver-assistance systems (ADAS), autonomous vehicles, and IoT Applications. We incorporate a combination of mmWave radar, sensor fusion and artificial intelligence (AI) technologies into all of our products. Headquartered in Lawrence, Kansas, Ainstein is in the business of improving safety and protecting valuable assets through innovation.
More Releases
View All Press Releases- Bobcat Celebrates the Season of Giving with Volunteerism, Hurricane Relief and Philanthropic Support
Bobcat Celebrates the Season of Giving with Volunteerism, Hurricane Relief and Philanthropic Support
Bobcat Company and its employees are celebrating the season of giving by completing several initiatives focused on community support, giving and disaster relief. - Bobcat AT450X Named to 2024 Innovative Iron Awards List
Bobcat AT450X Named to 2024 Innovative Iron Awards List
The Bobcat AT450X articulating tractor enabled by Agtonomy is named to Compact Equipment’s 2024 Innovative Iron Awards list, that recognizes top equipment launched in 2024. - Construction Equipment Recognizes Two Bobcat Loaders with “Top 100 New Products of 2024” Award
Construction Equipment Recognizes Two Bobcat Loaders with “Top 100 New Products of 2024” Award
Construction Equipment has named the Bobcat B760 backhoe loader and the L95 compact wheel loader to the Top 100 New Products list of 2024, the longest-running awards program in the industry. - Bobcat Machine IQ Remote Engine Disable/Enable Available Across Additional Equipment
Bobcat Machine IQ Remote Engine Disable/Enable Available Across Additional Equipment
Bobcat Company expands Machine IQ Remote Engine Disable/Enable to include compact excavators, wheel loaders, and Toolcat models. Aftermarket kits available. - Bobcat Company Donates $885,000 in Equipment to Support The Salvation Army’s Disaster Relief Efforts
Bobcat Company Donates $885,000 in Equipment to Support The Salvation Army’s Disaster Relief Efforts
Bobcat Company has donated $885,000 with 23 pieces of equipment to support The Salvation Army in disaster relief efforts for providing vital aid to communities impacted by natural disasters. - Alabama Park Wins $100,000 Park Makeover from Bobcat Company
Alabama Park Wins $100,000 Park Makeover from Bobcat Company
Bobcat Company announces Ivan K. Hill Park in Winfield, Alabama wins the $100,000 Bobcat Park and Rec Makeover Contest with the NRPA, funding improvements for a youth recreation space. - Bobcat Partners with U.S. Army PaYS to Connect Military Personnel with Job Opportunities
Bobcat Partners with U.S. Army PaYS to Connect Military Personnel with Job Opportunities
Bobcat Company partners with U.S. Army PaYS to prepare soldiers and military personnel for their future careers and connect them with job opportunities. - Bobcat E40 Compact Excavator Wins 2024 Rental Editor’s Choice Award
Bobcat E40 Compact Excavator Wins 2024 Rental Editor’s Choice Award
The Bobcat E40 compact excavator is a 2024 Rental Editor’s Choice Award winner, recognizing top products gaining interest from end-users and rental professionals alike. - Bobcat Company Wins Prestigious Red Dot Design Award for RogueX2 Concept
Bobcat Company Wins Prestigious Red Dot Design Award for RogueX2 Concept
Bobcat Company is selected for the prestigious Red Dot Award in Design Concept on the RogueX2, all-electric, fully autonomous concept loader. - Bobcat Introduces the TL623 Telehandler
Bobcat Introduces the TL623 Telehandler
Bobcat Company introduces the TL623 telehandler with 6,000 lb. lift capacity and 23 feet lift height, combining performance, comfort and versatility for jobsite efficiency.