About Drive.ai
Drive.ai is a company based in Mountain View (United States) founded in 2015 was acquired by Apple in June 2019. Drive.ai has raised $77 million across 3 funding rounds from investors including Grab, Apple and NEA. The company has 163 employees. Drive.ai operates in a competitive market with competitors including Waymo, Aurora, Cruise, Ridecell and Argo AI, among others.
Funding Insights of Drive.ai
Drive.ai has successfully raised a total of $77M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $77M
- Total Rounds 3
- Last Round Series B — $15M
- First Round $12M
(Jun 2015)
- Investors Count 6
All 3 funding rounds of Drive.ai with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | $15M | Series B | – | Grab | – |
| Jun 2017 | $50M | Series B | – | New Enterprise Associates | |
| Jun 2015 | $12M | Series A | – | Oriza Ventures | – |
7 investors in total: 7 institutional.
Investors in Drive.ai
Drive.ai has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Grab, Apple and NEA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are offered to startups by NEA. | – | nea.com | Menlo Park, United States | |
Venture capital is invested in cybersecurity, fintech, and AI startups. | – | ggvc.com | Menlo Park, United States | |
Provider of early stage venture capital focused on technology companies | – | nlvc.com | Menlo Park, United States | |
HOF Capital is engaged in venture capital investments. | – | hofcapital.com | New York, United States | |
- | – | orizaventures.com | - | |
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | grab.com | Singapore, Singapore | |
Consumer electronics, computers, and software are designed and sold worldwide. | 1976 | apple.com | Cupertino, United States |
Investor details for Drive.ai
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Timeline of Drive.ai
4 dated milestones of Drive.ai across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Drive.ai is founded.
- Funding First funding round of $12.0M.
- Funding Latest funding round, Series B, of $15.0M.
- Exit Acquired by Apple.
Competitors of Drive.ai
Drive.ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Waymo, Aurora, Cruise, Ridecell and Argo AI, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| waymo.com | 2009 | Mountain View, United States | $11.1B | 2,297 | Self-driving vehicle solutions are developed and deployed for transportation. | |
| aurora.tech | 2017 | Mountain View, United States | $692.62M | 1,800 | AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | |
| getcruise.com | 2013 | San Francisco, United States | $7.72B | 3,326 | SaaS-enabled hardware and software for autonomous vehicles are developed. | |
| ridecell.com | 2009 | San Francisco, United States | $101.37M | – | Cloud-enabled platforms for shared mobility and fleet management are provided. | |
| argo.ai | 2016 | Pittsburgh, United States | $3.7B | 852 | AI solutions for autonomous driving software and hardware are developed. | |
| momenta.cn | 2016 | Beijing, China | $1.42B | – | Autonomous driving software based on deep learning is developed. | |
| nutonomy.com | 2013 | Boston, United States | $23.78M | 73 | Self-driving software for vehicles and robots is developed by nuTonomy. | |
| weride.ai | 2017 | Guangzhou, China | $1.09B | 107 | AI-powered self-driving technology is developed for autonomous vehicles. | |
| wayve.ai | 2017 | London, United Kingdom | $1.32B | 42 | AI software for autonomous driving is developed. |
Detailed competitors of Drive.ai
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Latest news on Drive.Ai
Complete news archive for Drive.ai
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- Brand-specific news history
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Similar companies to Drive.ai
10 companies that operate in the same segment as Drive.ai (Autonomous Vehicles), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,900 | |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 1,800 | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
SaaS-enabled hardware and software for autonomous vehicles are developed. | 2013 | San Francisco, California, United States | USD 7.72 B | – | 3,326 | |
Autonomous driving and ADAS solutions are developed for vehicles. | 1990 | Pune, Maharashtra, India | – | USD 687.99 M | 10,470 | |
AI-enabled autonomous vehicles are developed for local goods deliveries. | 2016 | Menlo Park, California, United States | USD 2.34 B | – | – | |
Indra is recognized as a global leader in transportation, air traffic, and defense solutions. | 1992 | Madrid, Madrid, Spain | USD 279.03 M | USD 6.42 B | 60,910 | |
Self-driving vehicle solutions are developed and deployed for transportation. | 2009 | Mountain View, California, United States | USD 27.1 B | – | – | |
Developer of solid-state LiDAR sensors and perception software for autonomous vehicles | 2016 | Rosh Haayin, Central District, Israel | USD 252 M | USD 55.09 M | 415 | |
AI-enabled self-driving solutions are developed for autonomous vehicles. | 2016 | Fremont, California, United States | USD 1.19 B | USD 75.06 M | 1,460 |
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Frequently Asked Questions about Drive.ai
Drive.ai was founded in 2015.
Drive.ai is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Drive.ai is a funded company, having raised a total of $77M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Jun 2015.
Drive.ai has 163 employees.
Drive.ai was founded in 2015 by students from Stanfords Artificial Intelligence Lab and is headquartered in Mountain View, United States. The company operates in the autonomous vehicle sector, where AI software is created to enable cars to learn driving behaviors independently rather than relying on predefined rules. As an autonomous driving software provider, it has obtained a license for testing self-driving vehicles in California.
Drive.ai has 7 investors. Key investors include Grab, Apple, NEA, GGV Capital, and NLVC.
Drive.ai operates through Drive.Ai, Inc..
Yes. Drive.ai was acquired by Apple in June 2019.