ARQIS has advised Kudan Inc. on its investment in Artisense Corporation.
The current investment of 12 percent of the shares will be followed in several steps by the purchase of the remaining shares. The parties have agreed not to disclose the terms of the transaction.
Artisense, with its origins in the Technical University of Munich, is a frontier-tech company that provides globally leading computer vision and artificial intelligence technology, products and data, which enable highly-scalable cost-effective Dynamic Global Mapping for GPS-independent autonomous navigation.
Kudan is a deep-tech research and development company specializing in artificial perception (AP) control algorithms. This technology offers machines (computers and robots) the equivalent of human “eyes”. As a complement to artificial intelligence (AI), AP acts as a deep technology that enables machines to develop autonomy. Kudan also conducts research and development work in the areas of machine perception, depth perception and neural perception networks, focusing on integrating the technology with artificial intelligence (AI) and the Internet of Things (IoT).
ARQIS’ team included Eberhard Hafermalz (Picture – Lead), Dr. Deniz Günal (both Corporate/M&A), Marcus Nothhelfer (Commercial).
For the UK (Overall Project Lead) RPC with Nigel Collins; and Associates Jenny Tran, Joy Tickler advised on the deal.
For the U.S.A., Godfrey & Kahn acted for Kudan with Krisstina Ebner and Jessica Braeger.
Involved fees earner: Deniz Günal – Arqis; Eberhard Hafermalz – Arqis; Marcus Nothhelfer – Arqis; Jessica Braeger – Godfrey & Kahn SC; Krisstina Ebner – Godfrey & Kahn SC; Nigel Collins – Reynolds Porter Chamberlain RPC; Joy Tickler – Reynolds Porter Chamberlain RPC; Jenny Tran – Reynolds Porter Chamberlain RPC;
Clients: Kudan Inc.;