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Summary:Drive.ai is the hot new company on the self-driving car scene.
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The latest site of this classThis latest report: Myton Automotive
Drive.ai is the hot new company on the self-driving car scene.

The company announced on Thursday that it has signed its first major partnership, inking a deal to provide Lyft with the kind of high-end software necessary for cars to safely operate.

The two companies will work together to deploy cars with experimental technology near San Francisco. Drive.ai is calling it a "pilot" program that will "expand our technical capabilities and develop our roadmap for broader commercialization," the company stated in a blog post.

The deal with Lyft lends a healthy dose of legitimacy to Drive.ai.

With partners in Waymo, GM, Drive.Ai, nuTonomy and now Ford, @Lyft sure seems like it sits at center of self-driving universe.

— Pete Bigelow (@PeterCBigelow) September 27, 2017

Drive.ai also announced a fresh $15 million in funding, adding on to a $50 million round it announced earlier in 2017. That funding comes fro m a group of investors including Grab, an Uber-like service fro m Singapore, where Drive.ai will open an office. Singapore has emerged as one of the most welcoming cities in the world for self-driving cars.

The race to build self-driving cars has already drawn in hundreds of millions of dollars fro m venture capitalists and car companies all looking to capitalize on what is now broadly seen as the future of transportation. But the highly technical and still-mostly experimental nature of self-driving car technology has provided a chance for the industry's small pool of talent to venture out on their own—hence Drive.ai and other startups that are able to compete with multi-billion-dollar companies.

The biggest example of this remains Anthony Levandowski, an ex-Google employee who earned a whopping $120 million at the company then left to start his own self-driving car startup. That startup was then quickly bought by Uber—sparking a lawsuit that is still going.

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