VALEO acquires a 50% stake in CloudMade

Paris, November 10, 2016 - Valeo today announced its acquisition of a 50% stake in the capital of CloudMade, a developer of smart and innovative big data-driven automotive solutions such as a machine learning platform. The purpose is to improve and personalize vehicle comfort and safety for motorists and their passengers.

CloudMade is a pioneering start-up in machine learning and artificial intelligence, with a focus on designing applications for the car industry. Valeo's investment in the company will provide it with the financial and technological resources it needs to fully achieve its development.

Valeo's expertise in the technologies required to develop driving assistance applications (sensors, cameras and laser scanners) as well as connectivity, human-machine interface and thermal climate control solutions, combined with CloudMade's command of big data processing, artificial intelligence and predictive engines, will allow CloudMade to provide its carmaker customers with solutions to continuously adapt driving assistance functions to the profile of each individual driver. This radically innovative product offering will enhance the user experience in terms of both intuitive driving and in-vehicle well-being.