Autonomous-Car Startup Zoox Seeks Up to $252 Million in Funding
The secretive startup is reportedly building an Uber-like service with driverless vehicles. A funding round could value Zoox at more than $1 billion.
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Zoox Inc., a secretive autonomous-driving startup in Silicon Valley, is seeking to raise as much as $252 million in funding, according to a securities filing. If the fundraising is successful, the investment could give Zoox a valuation of more than $1 billion, according to an analysis by venture-capital research firm VC Experts.
While Zoox has said very little about what it's working on, it's the only startup with a license to operate autonomous vehicles on the road in California. The other startup that had a similar license was Cruise Automation, which General Motors Co. acquired in March.