Uber is reportedly close to buying Foresight, a self-driving software startup - Business Insider

The report did not mention the deal terms but said the price mainly covered the cost of hiring the team behind the Silicon Valley-based company that makes the software used in autonomous driving.

Uber's simulation software has suffered from various deficiencies and still has trouble predicting how its self-driving car prototypes will handle the real world, the report said, citing the source. An Uber spokeswoman declined to comment. Foresight did not immediately respond to Reuters request for comment.

As a private company, Foresight has raised only one round of venture capital funding in a seed round worth $3.4 million, according to PitchBook data. Backers from that 2018 deal include Amino Capital and Basis Set Ventures. The San Jose, California-based startup has 12 employees listen on LinkedIn.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thousands of Uber Riders Have Reported Sexual and Physical Assaults, Company RevealsThis is terrifying.
Source: PreventionMag - 🏆 141. / 63 Read more »

How Uber drains carmaker profits in Latin America's biggest marketLike many Uber drivers in Sao Paulo, the ride-hailing app's busiest city in... Is this good or bad. Lesser car ownership equals to greener? Or does it mean more cars on road at any point looking for passengers
Source: Reuters - 🏆 2. / 97 Read more »

Oregon Rep. pushing bill to address sexual assault in transportation industry says Uber can do more to prevent attacksUber received nearly 6,000 reports of sexual assault in the United States over a two-year time span. It's really unfortunate, I've been in hundreds of ubers over the years and haven't been groped once 💪 🙇‍♀️ 💪 👩‍🌾
Source: Newsweek - 🏆 468. / 52 Read more »