Tech Company M&A Transactions
Drive.ai Acquisition
Operating out of Mountain View, Drive.ai was bought by Apple. The financial terms of the deal were not made public.
Transaction Overview
Company Name
Acquired By
Announced On
6/8/2019
Transaction Type
M&A
Amount
Unknown
M&A Terms
Apple Inc. is preparing to buy startup Drive.ai in a small deal that will bring more engineers with experience in autonomous vehicle technology to the iPhone maker, according to people familiar with the matter. Financial terms of the transaction were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Transportation
Mailing Address
365 Ravendale Dr.
Mountain View, CA 94043
USA
Mountain View, CA 94043
USA
Phone
Undisclosed
Website
Email Address
Overview
Drive.ai is a Silicon Valley start-up founded by former lab mates out of Stanford University's Artificial Intelligence Lab. We are working on creating AI software for autonomous vehicles with deep learning, and are seeking ambitious, bright-minded professionals who will become part of entrepreneurial teams.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sameep Tandon
Chief Operating Officer
Fred Rosenzweig
President
Carol Reiley
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