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Self-driving car startup Zoox is raising $500M at a $3.2 bil valuation
- dawhizkid 8y agoZoox, a once-secretive self-driving car startup, is closing a $500 million at a $3.2 billion post-money valuation, Bloomberg Businessweek reports. Prior to the deal, Zoox was valued at $2.7 billion, Zoox confirmed to TechCrunch. The round, led by Mike Cannon-Brookes of Grok Ventures, brings its total amount of funding to $800 million. Confused by that. It's valuation increased exactly by the 500m amount, so no per share price increase?
- Fricken 8y agoBe sure to check out this Bloomberg piece, where we finally get to see Zoox's prototypes in action: https://www.bloomberg.com/news/features/2018-07-17/robot-taxi-startup-zoox-has-800-million-and-a-wild-pitch https://www.bloomberg.com/news/features/2018-07-17/robot-tax...