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ALPHABET

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Alphabet : Google's Waymo Picks Up U.K. Self-Driving AI Startup Latent Logic

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12/12/2019 | 11:05am EST

By Max Bernhard

Waymo, the self-driving car unit of Google parent Alphabet Inc (GOOGL), has acquired U.K. startup Latent Logic, the two companies said on Twitter.

The startup, founded in 2017, is based in Oxford, where Waymo will base its first engineering hub in Europe.

"We're delighted to share that Latent Logic has been acquired by Waymo," Latent Logic said.

The companies didn't disclose the financial details of the deal.

Latent Logic, which develops technology to test self-driving vehicles, "uses imitation learning to simulate realistic models of human behavior on the road--key to developing safe self-driving vehicles," Waymo said.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

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ALPHABET 2.02% 1479.52 Delayed Quote.10.46%
HUB CO., LTD. 0.64% 1097 End-of-day quote.4.98%
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Financials (USD)
Sales 2019 163 B
EBIT 2019 35 141 M
Net income 2019 32 399 M
Finance 2019 121 B
Yield 2019 -
P/E ratio 2019 31,9x
P/E ratio 2020 27,3x
EV / Sales2019 5,53x
EV / Sales2020 4,65x
Capitalization 1 021 B
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Number of Analysts 47
Average target price 1 495,28  $
Last Close Price 1 479,52  $
Spread / Highest target 17,3%
Spread / Average Target 1,06%
Spread / Lowest Target -15,5%
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Sundar Pichai Chief Executive Officer & Director
John LeRoy Hennessy Chairman
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Lawrence E. Page Director
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