Argo AI was an autonomous driving technology company that developed Level 4 self-driving vehicle software, hardware, maps, and cloud infrastructure. Founded in 2016 by Bryan Salesky and Peter Rander (both formerly of Google and Uber), the company was backed by Ford Motor Company and Volkswagen Group and achieved a $7.5 billion valuation at its peak. The company shut down in October 2022 after Ford and VW halted further investments, with assets and employees divided between the two automakers.
Argo AI is no longer in operation
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Employees
2,000–2,500
Total Funding
$3.6B
3 rounds
Latest Valuation
$7.5B
Jul 30, 2020
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $3.6B across 3 rounds
Last updated 05-07-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jul 21, 2021 | Series E | $97.3M | — | Lyft |
| Jun 2, 2020 | Series E | $2.6B | $7B | Volkswagen Group |
| Feb 10, 2017 | Series D TechCrunch | $1.0B | — | Ford Motor Company |
Bryan Salesky
Co-Founder and Chief Executive Officer
Peter Rander
Co-Founder and President
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Waymo
Self-driving technology company (formerly Google's autonomous vehicle project); focused on Level 4 autonomous vehicles for ridesharing and logistics
Cruise
GM-backed autonomous vehicle company developing Level 4 self-driving technology for robotaxi services
Aurora Innovation
Autonomous truck and vehicle technology company backed by Amazon, Sequoia Capital, and others
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