Apple has actually gotten self-driving vehicle start-up Drive.ai, according to a brand-new report by Axios
While a purchase cost wasn’t divulged, the business was at one time valued at $200 million. Axios even more reports that “lots” of Drive.ai engineers have actually signed up with Apple following the acquisition, while the business itself just recently stopped operations.
The news follows the Info reported previously in June that Apple had an interest in getting Drive.ai— with a specific eye towards inducing its engineering skill.
Previously on Tuesday, the San Francisco Chronicle had actually reported that Drive.ai prepared to close down and lay off 90 workers by the end of June, pointing out a filing with California state authorities. Nevertheless, it appears that the filing might have been early, offered news that the Apple acquisition was obviously completed.
Drive.ai’s item was special– instead of produce self-driving vehicles from scratch, the business made “packages” to turn routine vehicles into self-governing lorries.
Apple, for its part, has actually been investing greatly in its own vehicle aspirations, consisting of dealing with self-driving vehicle innovation.
The business had actually raised $77 million in 5 financing rounds, according to Crunchbase, with financiers consisting of New Business Associates and Nvidia GPU Ventures.
A representative for Apple did not instantly react to an ask for remark.