Lyft that it has acquired augmented reality startup . The ridesharing company, which has its eyes set on an IPO in 2019, said the London-based startup will ���become the UK hub for Lyft���s Level 5 self-driving division.���
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Blue Vision Labs was founded in 2016 and has developed precise, collaborative augmented reality software. According to TechCrunch���sof the company, the technology ���can pinpoint people and other moving objects in a space to within centimeters of their actual location.��� It���s easy to see how this technology could benefit Lyft���s self-driving cars, particularly given the of the safety of self-driving vehicles.
The company raised a known total of in venture funding before the acquisition, per 蹤獲弝け, and is backed by , as well as , , and . Blue Vision Labs is being acquired at around $72 million with the potential for the deal to reach over $100 million, according to .
Lyft first announced its self-driving division in, and this is the company���s first acquisition in the space. The company���s main competitor in the ridesharing industry–– has a (money burning) autonomous vehicle division of its own. Uber itself has acquired two startups in the space, including geospatial software company , and the more controversial autonomous truck startup Otto in August 2016 (which ).
But Uber isn���t the only company Lyft is up against. It also has to battle Google���s , GM���s , s initiative, and a host of autonomous vehicle startups including . Buying a company with software that can help its cars avoid crashing into things, particularly people, is probably a good bet.
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