As reported by the CNBC, it is still not known how much money Apple has paid to acquire them.
The choice of Apple’s acquisition proves that Apple’s have an interest in developing their software for autonomous cars.
As reported by the San Francisco Chronicle, before bought by Apple, Drive.ai has declared to the California state government. It stated they would close the business and give the ax to the 90 of their employees.
Before reaching a business agreement, Apple was known to have recruited a lot of the Drive.ai engineers. They also had purchased their vehicles and the other assets.
On the other hand, in January, Apple houses more than 200 employees from the auto car line. They have been developing for the Titan Project. At that time, Apple quibble that the ax was done for the purpose of corporate restructuring.
News of the purchase of this auto car has been blowing since the beginning of the last June. As reported by Bloomberg, the acquisition plan was to carry out and bring the experience of auto vehicle tech into their iPhone.
Data that released by thePichbook records Drive.ai has raised funds of around US $77 million since its start in 2015. Their rating has reached US $200 million.
They also work with the city of Arlington, Texas to offer the shuttle services using the auto cars.
The business agreement between Apple and Drive.ai is called acqui-hire, where big tech companies buy small startups to get talents.