Argo AI
Autonomous VehiclesUSAClosed 2022
Total Raised
$3.60B
Peak Valuation
$7B
Employees
—
Year Collapsed
2022
Business model
Self-driving vehicle software and hardware, licensed to automakers for autonomous ride-hailing and delivery.
In brief
Backed by a $1 billion commitment from Ford in 2017 and later joined by Volkswagen, it was one of the best-funded autonomous vehicle companies in the world, testing driverless operations in Austin and Miami. Full Level 5 autonomy proved far harder and slower to achieve commercial…
See the What Happened tab for the full account.
Key facts
- Founded
- 2016
- Closed
- 2022
- Headquarters
- Pittsburgh, USA
- Industry
- Autonomous Vehicles
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Bryan Salesky, Peter Rander
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Often compared with: Waymo, Cruise (later also struggled).