Argo AI, a Pittsburgh startup, has sold a majority share of their company to Ford Motor Co. which has agreed to invest $1 billion over a five-year schedule but will immediately become the majority shareholder. Both companies declined to disclose further details.
Bringing a complex new product to market is an intensive process fraught with problems. Getting hardware ready for manufacturing is often the easy part; it’s the software and regulatory compliance that’s often the most challenging. Here are three examples: Ford Motor Co., Velodyne LiDAR and Jibo.