Nauto, a Softbank-backed mobility startup, acquires Newton
Megan Rose Dickey
Nauto, the transportation company that aims to make human drivers safer and train autonomous vehicles for all types of scenarios, has acquired Newton Technologies for an undisclosed amount.
Newton Technologies aims to reduce the number of driving-related deaths to zero by leveraging AI to create solutions geared toward connected mobility, safety mapping and driver behavior analytics.
Newton’s driver assistant, for example, provides drivers with personalized risk profiles, safer routes and real-time warnings. This very closely aligns with the mission of Nauto Prevent, a product Nauto launched last June to prevent distracted driving.
“We have always held Nauto in high regard, and it has become clear that Nauto is the right home for Newton’s team and technology,” Newton Technologies CEO Lawrence Lin Murata wrote in a blog post. “We are beyond excited to join Nauto — doing so will allow us to take our work to the next level as we strive towards our shared goal of making driving safer and smarter. We are confident that, by joining forces with their talented team and leadership, we will be able to add value to the many drivers who rely on Nauto to stay safe.”
Pear Ventures had previously invested in Newton Technologies. To date, Nauto has raised $173.9 million from General Motors Ventures, Toyota AI Ventures and BMW iVentures. In July 2017, Nauto raised a $159 million Series B round from SoftBank and Greylock.
Welcoming the Newton Technologies team to @NAUTODriver https://t.co/VeI6gHXRSp
— Stefan Heck (@Stefan_Heck) February 19, 2019