Otto
Autonomous VehiclesUSAClosed 2018
Total Raised
Undisclosed
Peak Valuation
$680M
Employees
—
Year Collapsed
2018
Business model
Self-driving technology retrofitted onto semi-trucks for autonomous long-haul highway trucking.
In brief
Founded by ex-Google engineers and quickly acquired by Uber for a reported $680 million to jump-start Uber's self-driving ambitions, completing a widely publicized driverless beer delivery demonstration. Google's self-driving spinoff Waymo sued Uber, alleging co-founder Anthony L…
See the What Happened tab for the full account.
Key facts
- Founded
- 2016
- Closed
- 2018
- Headquarters
- San Francisco, USA
- Industry
- Autonomous Vehicles
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Anthony Levandowski, Lior Ron
Related failures
Argo AI
2016–2022Autonomous Vehicles · USA
Ran out of funding$3.60BTheranos
2003–2018Health Tech · USA
Fraud$945MOutcome Health
2006–2017Health Tech · USA
Fraud$500MIronNet
2014–2023Cybersecurity · USA
Fraud$400MIRL
2018–2023Consumer Apps / Social · USA
Fraud$200MPractice Fusion
2005–2020Health Tech · USA
Fraud$157M
Often compared with: Waymo, Aurora Innovation.