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.
Top value fund managers are ready for the small cap bear market to be done
During the bull market, small caps haven't been performing well, but some believe that could be about to change. Breach Inlet Founder and Portfolio Manager Chris Colvin and Gradient Investments President Michael Binger both expect small caps to take off. Q1 2020 hedge fund letters, conferences and more However, not everyone is convinced. BTIG strategist Read More