Zoox

Valuation $2B

About Zoox

Zoox is an AI robotics company that provides mobility-as-a-service and self-driving car services.
Headquarters Zoox, Foster City
Founded 2014-07-29
Industry Artificial Intelligence (AI), Autonomous Vehicles, Machine Learning, Robotics, Transportation
Last Funding Type Convertible Note
Valuation 2
Total Funding $1.01 billion dollars
IPO Status Private

Financial

Zoox began testing its self-driving cars in Austin and Miami, marking its entry into these new regions.
Zoox is advancing autonomous vehicle technology through various innovations. They are developing systems for sparsely representing and storing geographic and map data, which aids in efficient navigation. Their research includes agent conversions in driving simulations to evaluate vehicle control systems, and collision avoidance systems that validate vehicle trajectories. Zoox is also working on detection clustering for object identification and sensor perturbation for sensor calibration. These efforts highlight Zoox's focus on enhancing autonomous vehicle navigation, safety, and perception capabilities.
Amazon's self-driving unit Zoox is under investigation by the National Highway Traffic Safety Administration (NHTSA) following two incidents where its autonomous vehicles braked suddenly, causing rear-end collisions. The NHTSA has requested more information from Zoox regarding these incidents. Despite the investigation, Zoox is expanding its testing program to Austin, Texas, and Miami, Florida.
Funding Rounds 5
Number of Lead Investors 5
Total Funding Amount  $1.01 billion dollars
Number of Investors 13

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