Defunct Argo AI Trio Launches Self-Driving Truck Startup, Stack AV
September 7, 2023
- Bryan SaleskyDealroom has a profile for this one. Try Dealroom →, Peter RanderDealroom has a profile for this one. Try Dealroom →, and Brett BrowningDealroom has a profile for this one. Try Dealroom → — the trio behind the now defunct Fordand VW-backed autonomous vehicle startup Argo AI — have formed a new company called Stack AV
- Stack AV aims to commercialize self-driving truck technology, addressing the logistical challenges in the transport of goods globally.
- Stack AV will be based in Pittsburgh, the same city where the defunct Argo AI was located, and the founders see this as an opportunity to continue their work on full self-driving technology.
- SoftBank Group as the sole investor in Stack AV has reportedly invested over $1 billion, providing significant capital and AI expertise, with this funding not sourced from the SoftBank Vision Fund.
- The company is actively hiring and testing its autonomous truck technology with safety operators, employing a team of 150 across 15 states to enhance development and operational capabilities.
- Salesky is optimistic about Stack AV's future, citing experienced leadership and strong backing from SoftBank Group as key factors that will help navigate market complexities and leverage AI effectively.
Source: TechCrunch
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