Self-driving car startup Zoox is raising $500M at a $3.2 bil valuation

techcrunch.com

5 pointsdawhizkid2 comments

Zoox, a once-secretive self-driving car startup, is closing a $500 million at a $3.2 billion post-money valuation, Bloomberg Businessweek reports. Prior to the deal, Zoox was valued at $2.7 billion, Zoox confirmed to TechCrunch. The round, led by Mike Cannon-Brookes of Grok Ventures, brings its total amount of funding to $800 million.

Confused by that. It's valuation increased exactly by the 500m amount, so no per share price increase?

Be sure to check out this Bloomberg piece, where we finally get to see Zoox's prototypes in action:

https://www.bloomberg.com/news/features/2018-07-17/robot-tax...

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