08-11-2016 22:21 via

Self-driving car startup now valued at $1.5B

Zoox Labs, a two-year-old Silicon Valley company that like Alphabet and Apple is developing a self-driving car from the ground up, has scored another $50 million in funding, bringing its total to $240 million, according to published reports.
The latest round of funding for the Menlo Park, Calif., startup raises its market value to a staggering $1.55 billion, according to the Wall Street Journal, even before it has put a single vehicle on the road.
Zoox, which is currently in "stealth" mode, rep
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