About Argo AI
Argo AI develops technology for self-driving vehicles, focusing on software, hardware, maps, and infrastructure that allow these vehicles to navigate safely. Their technology is integrated into cars through partnerships with major automakers, enabling new ride-sharing and delivery services without human drivers. Argo AI combines expertise in robotics and artificial intelligence with manufacturing experience to ensure high-quality production and safety in their products. The company earns revenue by licensing its technology and sharing profits from the services enabled by its self-driving systems. Argo AI aims to enhance urban transportation by making it safer and more enjoyable.
Pittsburgh, PennsylvaniaHeadquarters
2016Year Founded
$3,501.8MTotal Funding
GROWTH_EQUITY_VCCompany Stage
Automotive & Transportation, AI & Machine LearningIndustries
1,001-5,000Employees
Benefits
High-quality individual and family medical, dental, and vision insurance
Competitive compensation packages
Employer-matched 401(k) retirement plan with immediate vesting
Employer-paid group term life insurance and the option to elect voluntary life insurance
Paid parental leave
Paid medical leave
Unlimited vacation
Complimentary daily lunches, beverages, and snacks
Pre-tax commuter benefits
Monthly wellness stipend
Professional development reimbursement
Employee assistance program
Discounted programs that include legal services, identity theft protection, pet insurance, and more
Company and team bonding outlets: employee resource groups, quarterly team activity stipend, and wellness initiatives
Risks
Closure in 2022 highlights challenges in meeting autonomous vehicle milestones.
Increased competition from companies like Fernride in autonomous trucking.
Shift by Ford and Volkswagen to less advanced systems may impact Argo AI's reputation.
Differentiation
Argo AI specializes in integrating self-driving tech with major automakers' vehicles.
The company focuses on urban mobility through autonomous ridesharing and delivery services.
Argo AI combines robotics and AI expertise with large-scale vehicle manufacturing experience.
Upsides
Partnerships with Volkswagen and Ford enhance Argo AI's technological capabilities.
Deployment in Austin shows growing acceptance of self-driving tech in urban areas.
Founders' new ventures may lead to innovative approaches in autonomous vehicles.
Funding
Total raised$3.50 B
Latest valuation$7.25 B
StageGROWTH_EQUITY_VC
GROWTH EQUITY VC
5/31/2020$2.6 K
$7.25 B