A GM-backed venture called SDVerse, a business-to-business (B2B) marketplace for buying and selling automotive software, went live on Monday. It’s a marketplace where vendors can showcase software, allowing buyers to compare, inquire, and buy the right products for their needs.
The founding members are General Motors, Magna International, and Wipro, but the marketplace is available to all automotive OEMs and suppliers. A few suppliers that have already joined the marketplace include Cummins, Bosch Engineering Group, Renault Group subsidiary Ampere, and several others.
SDVerse has four key features and benefits: reduced cost, time, and complexity, improved resource allocation, increased revenue for sellers, and innovative software sourcing. The new GM-backed venture claims its platform can reduce the time from product discovery to a request for quotation (RFQ) by up to 80 percent compared to a more traditional software marketplace setting.
SDVerse says automakers are allocating 25 to 30 percent of their research and development (R&D) budgets to software, creating a need for a one-stop shop marketplace solution to expand access to software products and lower costs.
“SDVerse is a platform focused on the speed and sharing that are essential in our industry today,” GM Executive Director of Electrical Systems and Software Kristin Toth said in a statement. “We look forward to using this platform and are committed to a goal of driving more software standardization.”
“Automotive software development is evolving at an extraordinary pace, compelling the industry to rethink how we deliver unique features more quickly,” SDVerse CEO Prashant Gulati said. “The launch of the SDVerse marketplace marks a significant milestone, providing a dedicated ecosystem for buyers and sellers of automotive software. This will broaden access to innovative solutions, enable companies to integrate essential solutions more efficiently, and overcome current inefficiencies in implementing automotive software by providing a transparent marketplace that buyers and sellers can trust.”
OEMs and suppliers can access the new vehicle software marketplace by visiting sdverse.auto.
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Sounds like gm is trying to spread the software problems around to other manufacturers, so they won’t look so bad.