Zoox, an autonomous vehicle startup out of Austrailia, is one of the worst kept secrets but one of the highest valued out of all of the self-driving startups, and their secret may finally be public.
The startup has locked in a USD 500 million Series B funding round, led by Atlassian co-founder Mike Cannon-Brookes, who has also joined the startup’s board. The massive round was also contributed to by Blackbird Ventures which joins other investors including Silicon Valley-based Lux Capital and DFJ.
Based in California, Zoox was founded by Australian Tim Kentley-Klay and American Jesse Levinson. The company is a rarity on many fronts, being an Australian-founded autonomous vehicle manufacturer that has operated effectively in stealth mode since its founding in 2012.
The massive funding round and associated USD 3.2 billion valuation confirms many of the rumors around the startup’s valuation and prominence.
Read more here
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.