Delphi Automotive agreed to purchase autonomous driving software developer Nutonomy, thus proving with an exit Samsung Ventures, one of its backer since seed stage.
Nutonomy, a US-based self-driving technology producer, previously backed by electronics producer Samsung through its venturing unit Samsung Ventures, agreed to a $450m acquisition by automotive components manufacturer Delphi Automotive. Delphi will have to provide upfront $400m in cash, and with earn-outs the final purchase price approximates $450m. The transaction is expected to close by the end of the year.
Founded in 2013, Nutonomy is working on software dubbed NuCore, which will facilitate large fleets of autonomous, ride-hailing vehicles by…
