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Argo AI

company

About

Argo AI develops self-driving products and services to make the world's streets and highways safer, more accessible, and useful to everyone.

Highlights

Total Funding Amount
$3.60B
Funding Rounds
3
Investors
3
Acquisition
2
Employee Profiles
23

Details

Last Funding Type
Corporate Round
Industries
Artificial Intelligence,Autonomous Vehicles,Robotics,Transportation
Founded date
Jan 1, 2016
Number Of Employee
1001 - 5000
Operating Status
Close
Legal Name
Argo AI, LLC

Argo AI is a global autonomy products and services company headquartered in Pittsburgh, with engineering centers located in Detroit, Cranbury, NJ, Los Angeles, Palo Alto, and Munich, Germany. Since 2016, the company has been on a mission to make the world’s streets and roadways safe, accessible, and useful for all. With a team of more than 1,800 people across the U.S. and Europe, Argo designs its Argo Autonomy Platform and Solutions to support autonomous ridesharing and goods delivery at scale to benefit communities around the world.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$3.60B
Argo AI has raised a total of $3.60B in funding over 2 rounds. Their latest funding was raised on Jul 21, 2021 from a Corporate Round round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 21, 2021 Corporate Round — 1 Lyft — Detail
Jul 12, 2019 Corporate Round $2.60B 1 Volkswagen Group — Detail
Feb 13, 2017 Funding Round $1B 1 Ford Motor — Detail

Investors

Number of Lead Investors
Number of Investors
3
3
Argo AI is funded by 3 investors. Lyft and Volkswagen Group are the most recent investors.
Investor Name Lead Investor Funding Round
Lyft Yes Corporate Round
Volkswagen Group Yes Corporate Round
Ford Motor Yes Funding Round

Employee Profiles

Number of Employee Profiles
23
Argo AI has 23 current employee profiles, including Employee Norman Joyner
Norman Joyner
Employee
Ian McIntyre
Employee
Carl Franzen
Employee
David Lenihan
Employee
Florian Netter
Employee
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Acquisition

Argo AI has acquired 2 organizations. Their most recent acquisition was Princeton Lightwave on Oct 27, 2017. They acquired Princeton Lightwave for 0.

Date Company Name
Industry Acquisition Type Price
Oct 27, 2017 Princeton Lightwave
Manufacturing acquisition — Detail
Jul 12, 2019 Autonomous Intelligent Driving
Automotive acquisition $ 1.60M Detail
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