Autonomous delivery startup Nuro taps simulation company Foretellix to cut R&D costs
https://techcrunch.com/2024/01/04/nuro-av-safety-simulation-foretellix-deal/
Autonomous delivery startup Nuro has struck a deal with safety-focused software company Foretellix to help with virtual testing of its automated driving system, in a bid to cut R&D costs while still pushing the technology forward.
The partnership, which the companies are set to announce later Thursday, comes in the wake of a tumultuous stretch for Nuro. The delivery startup, once a buzzy darling of the AV industry that raised more than $2 billion from high-profile investors such as Baillie Gifford, Fidelity Management & Research Company and Google, has cut its workforce twice in the past 18 months, including a restructuring in May 2023 that saw Nuro shift away from planned commercial operations.