Tesla to Acquire Startup DeepScale for Driverless Vehicles

According to a new CNBC report, electric vehicle maker Tesla is buying computer vision startup company DeepScale.

The former is buying the latter as part of its effort to develop fully driverless vehicles. According to two sources familiar with the deal in a TechCrunch report, Tesla has bought the company outright but no precise terms of the deal have been disclosed.

The company is known for its computer vision AI software for vehicles called Carver21. “Carver21 is purpose built to scale to your perception needs whether enabling safety features or delivering autonomous driving functions.”

Califorinia-based DeepScale develops perceptual system technologies for automated vehicles. According to the company’s CEO Forrest Landola’s LinkedIn page, he has joined Tesla as a senior staff machine learning scientist.

Iandola stated, “I joined the Tesla #Autopilot team this week. I am looking forward to working with some of the brightest minds in #deeplearning and #autonomousdriving.”

The CEO obtained a PhD in electrical engineering and computer science at UC Berkeley.

Iandola also tweeted, “I joined the @Tesla #Autopilot team this week. I am looking forward to working with some of the brightest minds in #deeplearning and #autonomousdriving.”

DeepScale had raised more than $18 million, in $3 million seed and $156 million Series A rounds, from investors that include Autotech VC, Bessemer, Greylock and Trucks VC.

Disclaimer: We have no position in Tesla Inc. (NASDAQ: TSLA) and have not been compensated for this article.