Five acquired by Bosch to further autonomous driving ambitions

Consumer goods company Bosch has acquired self-driving vehicle technology startup Five for an undisclosed amount.

Bosch has beaten other bidders to buy the UK-based company and says the two share “a common vision of automated driving and safe automated driving systems”.

Dr. Markus Heyn, President of the Mobility Solutions Sector at Bosch, says: “Automated driving is intended to make road traffic safer. We want Five to give an extra boost to our software development work for safe automated driving and to offer our European customers the fact of technology.

Stan Boland, CEO of Five, said, “Scale matters in building automated driving technology. Bosch is a global leader in driver assistance technologies, with core technologies and vast data lakes that will be essential to bring safe autonomous driving systems to market. »

Five, which was founded in 2016, is working on a cloud-based development and testing platform for self-driving cars.

The plan is to merge its software engineering team with that of Bosch, which also recently acquired digital map company Atlatec.

Five announced a $41 million Series B round two years ago, bringing its total funding to $77 million.

During a PhocusWire In The Big Chair interview last year, Boland highlighted the use cases for autonomous vehicles in travel and tourism as well as the challenges faced in implementing the technology.