Taxi hailing company Uber acquired Otto, a self-driving startup, for an undisclosed sum.
Co-founded by Anthony Levandowski and Lior Ron, Otto is 90-plus person technology startup whose mission is to rethink transportation, starting with self-driving trucks.
By joining forces, the two companies aim to build the insfrastructure behind the self-driving freight system by building logistics, artificial intelligence and robotics systems. In conjunction with the deal, Levandowski will lead the company’s self-driving efforts reporting directly to Travis Kalanick, CEO and Co-Founder, Uber, across personal transportation, delivery and trucking, in San Francisco, Palo Alto and Pittsburgh.
FinSMEs
29/08/2016