Wed. Jul 17th, 2019

Argo AI

Argo AI is an artificial intelligence company that aims to make transportation safer, more accessible, cheaper, and more convenient for all through the use of self-driving cars. Founded by researchers from Carnegie Mellon University, the Pittsburgh startup has amassed $1 billion in total funding, primarily from an investment by Ford Motor Co. The relatively small company is currently attracting talent from tech giants such as Apple and Uber as a result of a lucrative perk: an equity stake for all new hires. “Every employee is an owner,” Argo CEO Bryan Salesky told the Wall Street Journal. “They’re able to benefit from the upside being created in a direct way.” The company has recently launched a 30-vehicle fleet in the city of Pittsburgh and is a legitimate competitor in the self-driving car race.

Founded: 2016

Funding Status: Unknown

Company Type: Profit

Website: https://www.argo.ai

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