Self-driving startup Drive.ai is closing down

Drive.ai, the autonomous vehicle tech startup once valued at $200 million, is shutting down after four years, according to a state regulatory filing.

The closure was first reported by the San Francisco Chronicle. The company is not responding to media inquiries, a PR rep told TechCrunch.

The company’s Mountain View headquarters will close down on Friday, according to WARN documents filed with the Employment Development Department of California. A company must file a WARN document ahead of a mass layoff or plant closure.

Rumors have been swirling for weeks that Apple was looking to snap up the startup. Earlier this month, The Information reported that Apple was pursuing an acqui-hire, a term that typically means a smaller, targeted acquisition aimed at bringing on specific talent.

That appears to have panned out for at least some of the company’s 90 employees. At least five employees changed their LinkedIn profiles to show they started employment at Apple’s special projects division this month, according to SF Chronicle and confirmed by TechCrunch’s own review.

Drive.air was founded in 2015 by former graduate students working in Stanford University’s Artificial Intelligence Lab run by Andrew Ng,

 » Read More

Loading...

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

Comments

comments

A US Senator asked the FTC to ‘take all necessary steps’ to ensure YouTube is held accountable for violating children privacy laws

A US Senator asked the FTC to ‘take all necessary steps’ to ensure YouTube is held accountable for violating children privacy laws

Telegram Launches Location-Based Group Chats

Telegram Launches Location-Based Group Chats