Published on August 23rd, 2016 | by James Ayre0
Steve Jurvetson Comments On Uber’s Acquisition Of Otto
August 23rd, 2016 by James Ayre
Steve Jurvetson recently posted a noteworthy piece on Flickr about Uber’s acquisition of Otto — the recently formed autonomous semi-truck technology firm composed of ex-Google engineers.
The Otto team was acquired as a means of speeding up Uber’s transition to autonomous vehicles, with the new recruits now spearheading the company’s autonomous efforts reportedly.
Rather than paraphrase, I’ll just go ahead and quote the bulk of his comments right here, enjoy.
…at the DFJ steps for an autonomous test drive.
Congrats to Anthony, Lior and the Otto team on their acquisition by Uber to run their autonomous drive efforts.
It is bittersweet for me, as I have been talking with them for over five years now, excited by many of the cool ideas percolating back at Google, leading up to the spinout of 25 great engineers from the autonomous driving team earlier this year.
You can see the sensor rig on top and custom LIDAR up front. We took a ride down highway 280 near Sand Hill Rd., which seemed appropriate as 280 was their initial test track and the placeholder name for the company before becoming ot.to
Congrats as well for going 0 to $680M+ in 6 months, self-funded by the founders. Uber needed the autonomous driving talent, and the $7.5M per head is in line with the $6-10 range for talent acquisitions I wrote about last week here
Notably, Jurvetson is a lead investor and on the board of Tesla Motors, which recently announced plans to get into electric semi-trucks and is well known for its leadership in semi-autonomous driving. Jurvetson was actually the first Tesla Model S owner and nabbed the second Tesla Model X, only behind CEO Elon Musk.
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