A roundup of exits, including IPOs and acquisitions, across the tech transfer ecosystem.
Optimus Ride, a US-based driverless vehicle technology developer spun out of Massachusetts Institute of Technology, is winding down after its underlying technology and intellectual property was purchased by automotive supplier Magna International yesterday. Financial terms were not disclosed, but in addition to Optimus Ride’s assets, a total of 120 engineers will also make the move to Magna – however, chief executive Sean Harrington will not join the corporate. Optimus Ride had raised more than $73m in funding, most recently securing…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
