From Nothing to a Working Autonomous Vehicle in 3.5 Months
Today, GM acquires self-driving startup Cruise Automation for a rumored more than $1 billion.
Dan Primack via Fortune:
Cruise Automation had raised over $18 million in venture capital funding, most recently at a post-money valuation of around $90 million. Investors include Spark Capital, Maven Ventures, Founder Collective, and Y Combinator.
The three-year old company is best known for having created an aftermarket “kit” that allows buyers to convert certain types of cars―namely Audi A4 and S4 models―into autonomous vehicles for highway driving. It But GM appears to be more interested in integrating Cruise’s technology into its original manufacturing process.
I was watching Justin Kan’s Snapchat story and he was saying that Cruise’s founder, previous Justin.TV/SocialCam/Twitch co-founder Kyle Vogt, went from basically nothing to a working prototype in about 3.5 months with very...
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