Embark Technology
- π¦Became a unicorn2021
- πPeak valuation$5.2 Billion β21
- πBecame a UnitardAug 2023
- πΈLast valuationWiped out
Total raised averaged per day over approximately 7.1 years from founding to bankruptcy or shutdown. This is not measured cash burn. Methodology
The rise & fall
6 moments Β· 2016β2023The key moments.
How it happened
Embark Technology was a US autonomous-trucking developer that went public via SPAC in 2021 at a valuation around $5.2B. Slow commercialization, heavy cash burn, and a brutal market for pre-revenue self-driving startups gutted its value. Applied Intuition took it private in August 2023 for just $71M ($2.88/share), roughly 98.6% below peak, after the company had largely wound down operations.
Glassdoor reviews were strikingly positive on the team and mission, even as the autonomous-trucking startup ran out of money and shut down in 2023.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β. See our methodology.
Source: Embark 8-K Aug 2 2023
Where they went
- Alex Rodriguesco-founder & CEOAI Alignment Research at Anthropic
- Brandon Moakco-founder & CTONot on record
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
Disclosed investors (24)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round Β· Crunchbase β Β· 2026-10-13 Β· Methodology Β· Leaderboard
