Tech Company Financing Transactions
Argo AI Funding Round
Argo AI, based in Pittsburgh, secured $1 billion from Ford Motor Co..
Transaction Overview
Company Name
Announced On
2/13/2017
Transaction Type
Venture Equity
Amount
$1,000,000,000
Round
Undisclosed
Investors
Ford Motor Co. (Peter Rander)
Proceeds Purpose
The $1 billion investment will be spread out over five years as Ford looks to commercialize its self-driving technology by 2021.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
2545 Railroad St. 400
Pittsburgh, PA 15222
USA
Pittsburgh, PA 15222
USA
Phone
Website
Email Address
Overview
Argo AI is an artificial intelligence company, based in Pittsburgh and established to tackle one of the most challenging applications in computer science, robotics and artificial intelligence: self-driving vehicles.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bryan Salesky
Chief Information Officer
Summer Fowler
Chief Technical Officer
Brett Browning
President
Peter Rander
Vice President
Wesley Ford
Vice President
Reinhard Stolle
VP - Bus. Development
Cynthia Kwon
VP - General Counsel
Kate Kozlowski
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