About Argo AI
Argo AI is a company based in Pittsburgh (United States) founded in 2016 by Peter Rander and Bryan Salesky. Argo AI has raised $3.7 billion across 3 funding rounds from investors including Lyft, Ford and Volkswagen Group. The company has 852 employees as of December 31, 2022. Argo AI has completed 1 acquisition, including Princeton Lightwave. Argo AI operates in a competitive market with competitors including Waymo, Aurora, Cruise, Ridecell and Momenta, among others.
- Headquarter Pittsburgh, United States
- Employees 852 as on 31 Dec, 2022
- Founders Peter Rander, Bryan Salesky
- Stage Unicorn
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Sectors
Transportation, Automotive & LogisticsTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Argo Ai, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$3.7 B (USD)
in 3 rounds
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Latest Funding Round
$97.3 M (USD), Series E
Jul 21, 2021
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Investors
Lyft
& 2 more
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Employee Count
852
as on Dec 31, 2022
- Investments & Acquisitions
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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.
Investors in Argo AI
Argo AI has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Lyft, Ford and Volkswagen Group.
| Investor | Description | Founded Year | Domain | Location |
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App-based ride-hailing aggregator
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Passenger and commercial vehicles are manufactured globally by Volkswagen Group.
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Automobiles and commercial vehicles are manufactured by Ford.
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Investor details for Argo AI
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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.
Investment portfolio details for Argo AI
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of LiDAR-based fibre optic sensors
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Complete acquisition details for Argo AI
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Financial Statements - Argo AI
Detailed financials for Argo AI
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Argo Ai Comparisons
Peer comparison for Argo AI
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Competitors of Argo AI
Argo AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Waymo, Aurora, Cruise, Ridecell and Momenta, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Self-driving vehicle solutions are developed and deployed for transportation.
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AI and SaaS-based self-driving solutions for autonomous vehicles are provided.
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SaaS-enabled hardware and software for autonomous vehicles are developed.
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Cloud-enabled platforms for shared mobility and fleet management are provided.
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Autonomous driving software based on deep learning is developed.
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Detailed competitors of Argo AI
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Latest news on Argo Ai
Complete news archive for 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 current CEO of Argo AI. 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.
As of Dec 31, 2022, the latest employee count at Argo AI is 852.
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 3 investors. Key investors include Lyft, Ford, and Volkswagen Group.
The valuation of Argo AI is $7.25B as of Jul 2019.