Founded in the United Kingdom in 2005, CoreAVI moved its headquarters three years later to Tampa, Florida, USA. Since then, it has been expanding its business and product portfolio and has become a specialist in functionally safe graphics and compute software initially used in the aerospace and defence industries.
The company's decision to expand its presence in Europe is being driven by the industrial IoT, automotive and transport sectors where there is growing demand for safety critical solutions.
As part of this expandion CoreAVI said that it would be looking for new partners - it already partners throughout the supply chain with IP, silicon, and software industry leaders like Arm, Intel, and NXP to provide ISO 26262, DO-254/DO-178C and IEC 61508 certifiable graphics and compute solutions for complex systems being developed for all aircraft, vehicle, and industrial categories including autonomous systems.
CoreAVI said that it would be focused on de-risking applications by offering pre-integrated solutions, but also on lowering costs and accelerating time to market. CoreAVI is currently working with some European distributers throughout several countries and is looking to recruit new employees.
“CoreAVI has valued our European customers and partnerships for years,” said Neil Stroud, Vice President, Marketing and Business Development at CoreAVI. ”This region is key to driving global technology innovation and we’re excited to expand into the thriving automotive and industrial IoT markets, lending our vast aerospace expertise to meet their growing needs for modern safety critical systems. Our biggest challenge will be addressing the explosive growth rate of functional safety across multiple market segments.”
In the short-term the company said that it would be focusing on the safety critical automotive industry. Longer term, CoreAVI will be targeting industrial robotics safety systems and will look to expand its activities in both the transportation and automation sectors.