DEPLOYDatabase

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


Machine-readable surfaces

7640f60b-f37e-4d37-b4e2-2e8942aa4edf
Type
investment
Status
Activejust announced
Announced
2023-09-07
3.1 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.

HQPittsburgh, Pennsylvania, USAstack-avenue.com0 partnerships
SoftBank Groupinvestor partner

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

HQTokyo, Japangroup.softbank0 partnerships

Related partnerships

Recent partnerships of the same kind

Sources (1)

  1. https://techcrunch.com/2023/09/07/softbank-group-backs-former-argo-ai-founders-on-new-self-driving-trucks-startup/ · 2023-09-07

Deploy Watch

Track this partnership.

We notify you when the status changes against primary-source evidence, expansion is verified, or the partnership is terminated.