About Argo AI
Argo AI is a Transportation, Automotive & Logistics company based in Pittsburgh (United States) founded in 2016 by Peter Rander and Bryan Salesky. AI solutions for autonomous driving software and hardware are developed. It operates in the Transportation, Automotive & Logistics and Technology sectors. Argo AI has raised $3.7 billion across 3 funding rounds from investors including Lyft, Ford and Volkswagen Group. The company has 206 employees. Argo AI has completed 1 acquisition, including Princeton Lightwave. Argo AI was last valued at $7.25 billion in November 2025. Its chief executive, as recorded, is Bryan Salesky. Its focus areas include Auto Tech, Autonomous Vehicles, Self Driving Technology and Cars. Its legal entity is ARGO AI, LLC. Its competitors include Waymo, Aurora and Cruise; 3 of its 3 listed competitors have raised funding.
Company details
Argo AI was founded in 2016 in Pittsburgh, United States, focusing on the autonomous vehicle sector. Software, hardware, mapping, and cloud infrastructure are developed to support self-driving technology. Integration with vehicles occurs to enable ride-sharing and delivery applications. LiDAR systems for autonomous vehicles are also pursued. Operations center on advancing AI for transportation safety and efficiency.
- Total Equity Funding$3.7B (USD)
in 3 rounds
- Latest Funding Round$97.3M (USD), Series E
Jul 2021
- InvestorsLyft
& 3 more
- Employee Count206
- Investments & Acquisitions
Funding Insights of Argo AI
Argo AI has successfully raised a total of $3.7B across 3 strategic funding rounds. The most recent funding activity was a Series E round of $97.3 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.7B
- Total Rounds 3
- Last Round Series E — $97.3M
- First Round $1B
(Feb 2017)
- Investors Count 4
All 3 funding rounds of Argo AI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $97.3M | Series E | – | – | |
| Jul 2019 | $2.6B | Series E | $7.25B | Volkswagen Group | – |
| Feb 2017 | $1B | Series D | – | Ford | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2019 | $7.25B | •••••••• |
Full valuation and stage history of Argo AI
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Last known valuation $7.25B (Nov 2025). 4 investors in total: 4 institutional.
Investors in Argo AI
Argo AI has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Lyft, Ford and Volkswagen Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm that focuses on early stage investments in the US | usvp.com | Menlo Park, United States | ||
App-based ride-hailing aggregator | 2007 | lyft.com | San Francisco, United States | |
Passenger and commercial vehicles are manufactured globally by Volkswagen Group. | 1937 | volkswagen-group.com | Wolfsburg, Germany | |
Automobiles and commercial vehicles are manufactured by Ford. | 1903 | ford.com | United States |
Investor details for Argo AI
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People of Argo AI
2 people are tracked at Argo AI (2 in leadership); the tracked headcount is 206.
| Name | Role | Group |
|---|---|---|
Peter Rander | Co-Founder & President | Leadership |
Bryan Salesky | Co-Founder & CEO | Leadership |
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Investments & Acquisitions by Argo AI
Argo AI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Princeton Lightwave.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of LiDAR-based fibre optic sensors | princetonlightwave.com | Cranbury, United States | 2000 | Oct 2017 | •••• |
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Timeline of Argo AI
5 dated milestones of Argo AI across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Argo AI is founded.
- Funding First funding round of $1.0B.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Princeton Lightwave.
- Funding Latest funding round, Series E, of $97.3M.
Competitors of Argo AI
Argo AI has 3 listed competitors in our database, 3 of them funded. They include Waymo, Aurora and Cruise.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| waymo.com | 2009 | Mountain View, United States | $11.1B | 2,297 | Self-driving vehicle solutions are developed and deployed for transportation. | |
| aurora.tech | 2017 | Mountain View, United States | $692.62M | 1,800 | AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | |
| getcruise.com | 2013 | San Francisco, United States | $7.72B | 3,326 | SaaS-enabled hardware and software for autonomous vehicles are developed. |
Detailed competitors of Argo AI
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Top companies in Autonomous Vehicles
3 companies that operate in the same segment as Argo AI (Autonomous Vehicles) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Self-driving vehicle solutions are developed and deployed for transportation. | 2009 | Mountain View, California, United States | USD 27.1 B | |||
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 |
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Related news about Argo Ai
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Frequently Asked Questions about Argo AI
Argo AI was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Argo AI is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Bryan Salesky is the CEO of Argo AI, as recorded in our data. They have also founded this company.
Argo AI is a funded company, having raised a total of $3.7B across 3 funding rounds to date. The company's 1st funding round was a Series D of $1B, raised on Feb 2017.
Argo AI has 206 employees.
Argo AI was founded in 2016 in Pittsburgh, United States, focusing on the autonomous vehicle sector. Software, hardware, mapping, and cloud infrastructure are developed to support self-driving technology. Integration with vehicles occurs to enable ride-sharing and delivery applications. LiDAR systems for autonomous vehicles are also pursued. Operations center on advancing AI for transportation safety and efficiency.
Argo AI has made 1 acquisition, including Princeton Lightwave.
Argo AI has 4 investors. Key investors include Lyft, Ford, Volkswagen Group, and USVP.
The valuation of Argo AI is $7.25B as of Nov 2025.
Argo AI operates through Argo Ai, Llc.