Torc is acquiring Algolux for its intellectual property and expertise in the areas of computer vision and machine learning.
Daimler Truck’s Head of the Autonomous Technology Group Peter Vaughan will take over as CEO of Torc Robotics.
Daimler Truck and Torc Robotics are in their third year of partnership, and are working toward commercialization of the first scalable, profitable Level 4 autonomous truck.
Unlike their competitors, Daimler Trucks and Torc Robotics won’t give a definitive timeline to deployment for driverless trucks — and say that in their development, they must be built from the ground up.
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