Apple Acquires Self Driving Car startup Company

Apple Acquires Self Driving Car startup Company

Apple Acquires Self Driving Car startup Company

We reached out to both Apple and to confirm the deal.

The iPhone and Mac maker have confirmed with Axios its acquisition of the start-up, though the price of the buy-out hasn't been disclosed.

The startup was once valued at over $200 million before it ran into issues which is when the company began to explore the option of selling. Rather, Apple is expected to absorb the talent inside of the company to pair with other recent hires from the likes of Tesla and Alphabet Inc.'s Waymo. The startup, which developed artificial intelligence for autonomous vehicles, recently laid off its staff in Mountain View, Calif., and Plano, Texas.

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The California Department of Motor Vehicles had found that Apple and Uber placed far behind the Google spinoff in terms of "miles per disengagement", a rating of self-driving safety.

Apple has been testing self-driving Lexus vehicles in California but hasn't publicly clarified whether it is focused on building its own Apple-branded auto or software development.

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