Ford Buys Israel's SAIPS in Bid to Put Self-driving Cars on the Road by 2021 - Business - Haaretz

Detroit got its first toehold in Startup Nation on Tuesday, after Ford Motor Co. said it was buying SAIPS, an Israeli company that develops technologies that are key to self-driving vehicles. The acquisition was one of four deals the U.S. carmaker announced with the aim of having a high-volume, fully autonomous vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service. Ford said the investment/collaboration with the four startups is part of its strategy of enhancing its autonomous vehicle development, which includes more than doubling its staff at its Palo Alto, California, research and development center. Ford said SAIPS, a computer vision and machine-learning startup, would strengthen its expertise in artificial intelligence and enhanced computer vision. The company provided no financial details about its acquisition, but industry sources estimated it at tens of millions of dollars.