Palo Alto based auto startup, Zoox, secured $200m in venture financing by investors Lux Capital and DFJ. Zoox is said to be building the technology that will compete with Google's self-driving cars and Cruise Automation, which was recently acquired by GM
TechCrunch has confirmed reports that auto startup Zoox is raising about $200 million at a $1 billion valuation. We’ve also learned that investors Lux Capital and DFJ are involved in the round. The Palo Alto-based startup founded by Tim Kentley-Klay and Jesse Levinson, has been deliberately quiet about what they are working on presumably for competitive reasons, but the Zoox team has been working on autonomous vehicles for a few years now. Zoox is said to be building technology that could compete with Google’s self-driving cars and Cruise Automation, which was recently acquired by GM. Zoox made an appearance at the LA auto show in 2013. Then these renderings of a “Boz” design emerged, lacking windshields, to emphasize the car’s autonomy.