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An Uber self driving car sits on display ahead of an Uber products launch event in San Francisco, California on September 26, 2019
- Uber is in advanced talks to buy Foresight, a small self-driving startup focused on simulations and software, The Information reported.
- Proposed terms of the deal were not included in the report, though it mentions Foresight's 12-person team would likely join Uber.
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Uber is in advanced negotiations to acquire Foresight, a startup that develops simulation software, The Information reported on Monday citing a source familiar with the matter.
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.
(Reporting by Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber)
