Argo AI joined the Unicorn Club after raising $3.7B from Ford, Volkswagen, and Lyft, including a $1B Series D in Feb 2017 and a $2.6B Series E in Jul 2019. Headquartered in Pittsburgh, United States, Argo AI developed full-stack autonomous driving software, HD mapping, perception systems, and OEM vehicle integration for ride-hail and logistics. Funding supported city-scale testing, simulator development, and production-ready AV integration.
Keep reading to see how Argo AI advanced autonomous mobility for commercial pilots.
What Is Argo AI and What Does It Do?
Founded in 2016 by Bryan Salesky and Peter Rander, Argo AI is a Pittsburgh–based (United States) autonomous vehicle systems company. The firm employed ~852 people, providing end-to-end AV software, LiDAR perception stacks, HD mapping, and vehicle integration for OEM partners.
Argo AI focused on city-scale testing, safety validation, redundancy in sensing, and production-grade readiness for commercial ride-hail and goods-movement deployments.
How Much Funding Has Argo AI Raised?
1. Series E
- Amount Raised: $97.3M
- Date: Jul 21, 2021
- Lead Investors: Lyft (strategic participation)
- Purpose: Fund city pilots and commercial partnerships
2. Series E (large)
- Amount Raised: $2.6B
- Date: Jul 12, 2019
- Lead Investors: Volkswagen Group
- Purpose: Scale autonomous programs and vehicle integration with VW
3. Series D
- Amount Raised: $1B
- Date: Feb 10, 2017
- Lead Investors: Ford
- Purpose: Accelerate software development and testing with OEM support
Total Funding Raised: $3.7B
Latest Funding Date: Jul 2021
Current Valuation: $7.5B (as of Jul 2020)
Key Investors
- Volkswagen Group
- Details: Global automotive OEM investing in future mobility platforms
- Focus Areas: Autonomous vehicles, EVs, mobility services
- Notable Investments: Argo AI, autonomous initiatives, strategic mobility ventures
- Ford Motor Company
- Details: Major global OEM partnering to accelerate AV development
- Focus Areas: Vehicle autonomy, commercial mobility, EVs
- Notable Investments: Argo AI, Rivian, mobility tech pilots
- Lyft
- Details: Ride-hailing platform participating strategically in AV pilots
- Focus Areas: Autonomous ride-hail integrations and deployments
- Notable Investments: Argo AI strategic partnership for pilot programs
Where Is Argo AI’s Headquarters?
Argo AI is headquartered in Pittsburgh, Pennsylvania, United States, close to robotics research and automotive engineering talent.
What’s Next for Argo AI?
Focus on commercialization with OEMs, scaling safety validation, and integrating autonomy into production vehicles and logistics pilots.
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