A startup born out of Stanford is going after Uber's self-driving-car program
Drive.ai
Drive.ai, a startup born out of Stanford, just raised $15 million in a new round of funding led by Grab, Uber's biggest rival in Southeast Asia. The announcement comes a few weeks after Drive.ai said it will partner with Lyft and launch a self-driving-car pilot in the Bay Area.
Drive.ai will now open an office in Singapore as part of the latest capital raise, which brings its total funding to $77 million.
"Self-driving is the global space race of our time, so we've had our eyes set on international deployment since the start," Drive.ai CEO Sameep Tandon said in a press release.
Grab previously partnered with nuTonomy, a startup born out of MIT, to launch a self-driving-car pilot in Singapore. NuTonomy has since partnered with Lyft and the two will launch a pilot in Boston before the end of the year.
Lyft has amassed several partners to aid its autonomous efforts, including Waymo and Ford. But it has yet to demonstrate its technology in a real-world setting or announce a concrete timeline for its announced pilots.
Uber has launched self-driving-car pilots in Pittsburgh and Tempe, Arizona. Uber is currently being sued by Waymo, which claims the ride-hailing giant stole intellectual property and trade secrets for its driverless efforts.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Audi to hike vehicle prices by up to 2% from June
- Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action
- Rupee falls 6 paise to 83.39 against US dollar in early trade
- Markets decline in early trade; Kotak Mahindra Bank tanks over 12%
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema