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Nuro pivots to license self-driving tech to carmakers, mobility companies
After multiple rounds of layoffs in 2022 and 2023, Nuro is pivoting its business strategy to focus more on the startup’s core autonomous driving
After multiple rounds of layoffs in 2022 and 2023, Nuro is pivoting its business strategy to focus more on the startup’s core autonomous driving technology instead of owning and operating a fleet of low-speed, on-road delivery bots. Stefanos Loukakos, formerly a director at Meta’s business-focused Messenger division and, briefly, the tech giant’s blockchain org, noticed several years ago that online retailers were struggling to connect with potential shoppers. Adtech startup InMobi has raised $100 million in debt financing as the profitable Indian firm looks to “significantly deepen” its artificial intelligence initiatives and fund potential AI acquisitions ahead of…
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