Stealth startup Zoox lands $200 million for its secretive self-driving car project
Zoox
In an SEC filing June 6, the startup said it had raised over $100 million in equity. Business Insider has learned that the rest of the round has now closed. The Wall Street Journal first reported in May that an unspecified amount of funding gave it a $1 billion valuation.
Zoox has been working in secret on a fully autonomous car for years. In 2013, the company debuted some splashy renderings of the car, nicknamed the "Boz," before reverting back into stealth mode. According to IEEE, the car is designed to not have windshields or a steering wheel or break pedal. Instead, it can drive in any direction while the passengers sit inside, facing each other.
In March 2016, Zoox secured its permit to begin testing its self-driving car in California. Zoox was founded by Tim Kentley-Klay, an Australian designer, and Jesse Levinson, a Stanford engineer who worked on self-driving cars with the co-creator of Google's self-driving car.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas