Delphi Automotive has agreed to buy autonomous driving software developer Nutonomy, giving an exit to Samsung Ventures, a backer since seed stage.
Nutonomy, a US-based self-driving technology producer backed by electronics producer Samsung, agreed yesterday agreed to a $450m acquisition by automotive components manufacturer Delphi Automotive.
Delphi will pay $400m upfront, and with earn-outs the purchase price will total approximately $450m. The deal is subject to customary closing conditions and is expected to close by the end of 2017.
Founded in 2013, Nutonomy is working on software called NuCore that will facilitate large fleets of autonomous, ride-hailing vehicles by enhancing image perception,…
