Autonomous Car Startup Zoox Joins Unicorn Ranks With Latest Raise by PitchBook
Zoox, a company developing fully autonomous vehicles and the supporting ecosystem necessary to bring them to market, has reportedly secured $200 million at a $1 billion valuation. TechCrunch reports that Lux Capital and DFJ each contributed capital to the round.
With this latest funding and the recent acquisition of Cruise Automation by General Motors (NYSE: GM) for $1 billion, don’t be surprised to see more autonomous vehicle startups pop up. Although there are huge players in the game with large head-starts—Google and Uber come to mind—the technology has massive potential to disrupt a variety of industries, making it not only an exciting space for founders to try and innovate but also an attractive place for VCs to invest.
The Delbrook Resources Opportunities Master Fund was up 9.2% for May, bringing its year-to-date return to 33%. Q1 2021 hedge fund letters, conferences and more Dellbrook is an equity long/ short fund that focuses exclusively on the metals and mining sector. It invests mainly in public companies focused on precious, base, energy and industrial metals Read More