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Apple to Buy Drive.ai in Bid for More Autonomous Vehicle Talent

Drive.Ai vehicle
Drive.Ai vehicle

Source: Drive.ai

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.

It’s unclear how much Apple is paying. Drive.ai has raised about $77 million in funding since it was founded in 2015, and was valued at about $200 million in 2017, according to Pitchbook data.