Partnership
SoftBank Group x Stack AV (backing)
SoftBank Group backs Stack AV, the Pittsburgh autonomous trucking company led by Argo AI co-founder Bryan Salesky, with capital, resources and AI expertise.
investment · Active · just announced
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7640f60b-f37e-4d37-b4e2-2e8942aa4edf- Type
- investment
- Status
- Activejust announced
- Announced
- 2023-09-073.1 years ago
- Active for
- 3.1 years
Who’s involved
Stack AV is a Pittsburgh-based autonomous trucking company founded by Bryan Salesky and Peter Rander, former Argo AI co-founders. Backed by [Softbank group](/companies/softbank-group) with $1B in total funding, Stack AV develops autonomous driving software for driverless trucks to improve efficiency and safety in freight transportation. The company leverages the founders' decade of autonomy experience from Carnegie Mellon and Argo AI.
SoftBank Group is a Japanese multinational conglomerate and investment holding company headquartered in Tokyo, founded in 1981 by [Masayoshi Son](https://en.wikipedia.org/wiki/Masayoshi_Son). Through its SoftBank Vision Funds and direct holdings, it is one of the world's largest technology investors, with major stakes in [OpenAI](https://openai.com), Arm Holdings, and historically [Boston Dynamics](/companies/boston-dynamics). The group operates SoftBank Robotics, which developed the Pepper humanoid social robot, and has committed over 30B USD to AI infrastructure and OpenAI investments
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