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
July 21, 2021
Total raised $3.6B across 3 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 05-07-2026
Latest Round
Type
Series E
Date
June 2, 2020
Amount
$2.6B
Valuation
$7B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| July 21, 2021 | Series E | $97.3M | — | Lyft |
| June 2, 2020 | Series E | $2.6B | $7B | Volkswagen Group |
| February 10, 2017 | Series D | $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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