Altman-Backed Startup Raises $170 Million for Robocar Networks
Glydways raises significant funding for autonomous vehicle networks.
Glydways Inc., a robocar startup supported by Sam Altman, has successfully raised $170 million in a Series C funding round and is now negotiating for an additional $250 million. The company, which is eyeing a valuation of over $1 billion, is exploring more than 20 projects globally, particularly attracting interest from investors in Japan, including Obayashi Corp.
Key Takeaways
- 1.
Glydways is in talks to raise an additional $250 million to support its projects.
- 2.
The startup aims for a valuation exceeding $1 billion in its next funding round.
- 3.
Glydways has over 20 projects under negotiation globally, with strong interest in Japan.
Get your personalized feed
Trace groups the biggest stories, videos, and discussions into one feed so you can stay current without scanning ten tabs.
Try Trace free