The founders of Argo AI, the autonomous vehicle company that was shut down last year, are launching a new self-driving business that could specialize in trucking and ride-hailing, people familiar with the matter told Bloomberg.
The venture by Bryan Salesky and Pete Rander will be backed by an investment from a company that approached them about starting a full-scale AV firm, the people said. The identity of the backer wasn’t immediately clear, but the people said it’s not an automaker.
The still-unnamed startup has hired between 40 and 50 workers, according to one of the people, who asked not to be identified because the effort is private. It will be based in Pittsburgh, which was home to Argo and is also the headquarters city for Ford Motor’s new semi-autonomous-driving subsidiary, Latitude AI.