Stanford-founded autonomous driving spinout Drive.ai has been swept up by Apple, which will look to reinforce its self-driving unit with the company's assets and employees.
Drive.ai, a US-based autonomous driving software spinout of Stanford University, is to be acquired by technology company Apple for an undisclosed sum after weeks of speculation, the Verge reported yesterday.
The deal comes as Drive.ai prepares to shut its headquarters on June 28, according to a state regulatory document cited by TechCrunch.
Global Corporate Venturing, GUV’s sister title, tracked Apple’s interest in Drive.ai earlier this month, in an acqui-hire deal that was mooted to involve Apple taking…
