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Argo AI information


Argo AI LLC
Company typeJoint venture
IndustrySelf-driving car
Founded2016; 8 years ago (2016)
Founders
  • Bryan Salesky
  • Peter Rander
Defunct2022 (2022)
Headquarters
Pittsburgh, Pennsylvania, U.S.
Key people
  • Bryan Salesky (CEO)
  • Peter Rander (president)
Owner
  • Ford Motor Company (42%)
  • Volkswagen Group (42%)
  • Lyft (2.5%)
Number of employees
1,700[1]
Websitewww.argo.ai

Argo AI LLC was an autonomous driving technology company headquartered in Pittsburgh, Pennsylvania.[2][3] The company was co-founded in 2016 by Bryan Salesky and Peter Rander, veterans of the Google and Uber automated driving programs.[4] Argo AI was an independent company that built software, hardware, maps, and cloud-support infrastructure to power self-driving vehicles. Argo was mostly backed by Ford Motor Co. (2017)[5] and the Volkswagen Group (2020).[6]

In October 2022 it was announced by Ford that the company would be disbanded and some employees would be split between VW and Ford. Argo’s technology will be salvaged and further developed in-house by Ford and VW.[7][8][9] Ford stated their intent to change the focus of development from Level 4 autonomous driving to Level 3 and Level 2+.[10][11]

  1. ^ "See what's happening". Retrieved 5 July 2022.
  2. ^ "Argo AI's Corporate Headquarters to Locate at 3 Crossings | 3 Crossings". 3crossingspgh.com. Retrieved 2020-07-27.
  3. ^ "Argo AI to move to 3 Crossings project in the Strip District, sources say". Pittsburgh Post-Gazette. Retrieved 2020-07-15.
  4. ^ "The Relentless Startup Fast-Tracking Ford's Self-Driving Cars". Wired. ISSN 1059-1028. Retrieved 2020-07-15.
  5. ^ "Ford Invests $1 Billion In Robotics Startup In Driverless Car Quest". 2017-02-10. Retrieved 2020-07-15.
  6. ^ Wayland, Michael (2020-06-02). "Volkswagen closes $2.6 billion investment in self-driving start-up Argo AI". CNBC. Retrieved 2020-07-15.
  7. ^ "Ford Disbands Argo AI Autonomous Vehicle Unit, Posts Loss". U.S. News & World Report. October 26, 2022. Retrieved October 26, 2022.
  8. ^ Boudette, Neal E. (2019-07-17). "Despite High Hopes, Self-Driving Cars Are 'Way in the Future'". The New York Times. ISSN 0362-4331. Retrieved 2020-07-16.
  9. ^ "Can Argo.AI Make Ford & Volkswagen Self-Driving Leaders?". CleanTechnica. 2020-07-05. Retrieved 2020-07-15.
  10. ^ "Ford Fulfills Earnings Guidance, Has Strong Cash Flow in Q3; Will Accelerate Development of L2+/L3 ADAS Technology" (PDF) (Press release). Dearborn, Michigan: Ford. 2022-10-26. Retrieved 2023-03-17.
  11. ^ "Autonomous vehicle startup Argo AI is shutting down". Engadget. 26 October 2022. Retrieved 2022-11-16.

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