Uber is reportedly close to buying Foresight, a self-driving software startup
The report did not mention the deal terms but said the price mainly covered the cost of hiring the team behind the Silicon Valley-based company that makes the software used in autonomous driving.
Uber's simulation software has suffered from various deficiencies and still has trouble predicting how its self-driving car prototypes will handle the real world, the report said, citing the source. An Uber spokeswoman declined to comment. Foresight did not immediately respond to Reuters request for comment.
As a private company, Foresight has raised only one round of venture capital funding in a seed round worth $3.4 million, according to PitchBook data. Backers from that 2018 deal include Amino Capital and Basis Set Ventures. The San Jose, California-based startup has 12 employees listen on LinkedIn.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Thousands of Uber Riders Have Reported Sexual and Physical Assaults, Company RevealsThis is terrifying.
Consulte Mais informação »
Uber nears deal for self-driving car simulation startup: The InformationUber Technologies Inc is in advanced negotiations to acquire Foresight, a startu...
Consulte Mais informação »
How Uber drains carmaker profits in Latin America's biggest marketLike many Uber drivers in Sao Paulo, the ride-hailing app's busiest city in...
Consulte Mais informação »
Peru plans taxing Netflix, Uber and digital businesses: officialPeru wants foreign digital companies such as Netflix Inc, Uber Technologies Inc ...
Consulte Mais informação »
SurveyMonkey CEO: Our data shows Uber could raise prices because 'people are addicted' to appHowever, CEO Zander Lurie says ride-hailing companies need to start showing investors they can bring in revenue.
Consulte Mais informação »
Oregon Rep. pushing bill to address sexual assault in transportation industry says Uber can do more to prevent attacksUber received nearly 6,000 reports of sexual assault in the United States over a two-year time span.
Consulte Mais informação »