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Argo AI

Autonomous vehiclesUSA/Germany
💀 Dead / Bankrupt
Peak $12.4 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    2017
  2. 📈
    Peak valuation
    $12.4 Billion ’21
  3. 💔
    Became a Unitard
    2022
  4. 💸
    Last valuation
    ~$0
Current status
Shut down 2022

How it happened

Argo AI was a self-driving technology company backed by Ford and Volkswagen, valued at about $12.4B in 2021. As the timeline and cost for commercializing fully autonomous vehicles stretched out, its backers pulled support. The company shut down in 2022, with parts of its operations and staff absorbed into Ford and VW, wiping out its valuation.

Source: Ford/VW-backed