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Apple Set to Buy Drive.ai

Apple Set to Buy Drive.ai

Enterprise & IT Jun 8,2019 0

Apple is reportedly preparing to buy startup Drive.ai in a deal that will bring more engineers with experience in autonomous vehicle technology to the iPhone maker.

According to Bloomberg, Apple is planning to pick which Drive.ai staff it wants to keep, and the tech giant won’t be using any intellectual property from the startup.

Apple and Drive.ai didn’t provide any comment.

Drive.ai has raised about $77 million in funding since it was founded in 2015, and was valued at about $200 million in 2017.

Apple has been working on autonomous driving technology for several years. Recently, the company cut about 200 workers from the initiative, but it also said it is committed to the area.

Apple’s primary ambitions in autonomy could lie in the broad application of autonomous systems and related services.

Tags: Self-driving CarsApple Project Titan
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