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

  • 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.

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