Uber’s Advanced Technology Group unit is partnering with Toyota, DENSO, and SoftBank to accelerate development and commercialization of self-driving cars. This deal is the latest in a well-funded race.
Birth of a unicorn: Nuro gets $940M from SoftBank for driverless deliveries
Nuro.ai, which is working on self-driving vehicles, said today that it has received $940 million from the SoftBank Vision Fund. This marks a major push in the ground delivery space and another move by SoftBank to take leadership in automation. Other investors in Mountain View, Calif.-based Nuro include Greylock Partners and Gaorong Capital. The…
Funding trends: self-driving dreams coming true
Participants and startups in the emerging self-driving vehicles industry (components, systems, trucks, cars and buses) have been at it for over almost 60 years. The pace accelerated in 2004, 2005 and 2007 when DARPA sponsored long-distance competitions for driverless cars, and then again in 2009 when Uber began its ride-hailing system. As the prospects that…