# Uber acquires Otto: acquisition

Canonical ID: `1212fd42-e4af-47ed-8641-82fb6a8938e4`

Uber acquired self-driving-truck startup Otto (~$680M, 2016). Otto co-founder Don Burnette later founded Kodiak AI (cross-ref people-graph: don-burnette).

- **Structure:** acqui hire
- **Status:** completed
- **Valuation:** $680.0M (reported, approximate)
- **Verification posture:** verified

## Parties

- **Acquirer:** Uber _(off-registry)_
- **Acquired:** Otto _(off-registry)_

## Timeline

- **Closed:** 2016-08-01

## Sources (1)

1. https://techcrunch.com/2016/


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