Filed under Mobility · 2022
Argo AI
2016 - 2022, 6 years old
Autonomous vehicle software, backed by Ford and Volkswagen.
Argo had two of the biggest automakers in the world writing checks and a team pulled from Google and Uber. None of it was enough to close the gap from impressive demo to a vehicle a customer would buy. Ford announced in late 2022 that profitable fully autonomous driving was further out than the timeline the company could fund. The wind-down was clean: Ford and VW absorbed some engineers, the rest were laid off, and the broader industry quietly revised its self-driving timeline by a decade.
- Founded
- 2016-11
- Shut down
- 2022-10-26
- Funding raised
- $3.6B
- Years alive
- 6
- Founders
- Bryan Salesky, Peter Rander