ghost Posted June 26, 2020 Share Posted June 26, 2020 Amazon buys autonomous vehicle startup Zoox Another self-driving unicorn is brought in to pasture as Amazon bets big on the future of self-driving. Amazon has agreed to acquire autonomy startup Zoox for a sum in excess of $1 billion, according to sources cited by The Information. The news comes hot on the heels of a Wall Street Journal report last month indicating that such talks were taking place. The deal, confirmed in an Amazon blog post, would value Zoox at significantly lower than the $3.2 billion valuation it received during a funding round in 2018. But given the current state of the economy, a seven-digit payout is nothing to sniff at. Zoox, which quietly started work six years ago, burst into the public consciousness last year not so much thanks to its technology but rather a lawsuit. Tesla alleged that the company improperly acquired proprietary documentation along with some poached staff. CNET Link to comment Share on other sites More sharing options...
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