Silicon Valley received 55% of global VC funding for autonomous vehicle companies year-to-date
There are 60 autonomous vehicle companies headquartered in Silicon Valley, and another 32 in San Francisco
August 07, 2019
- There are 60 autonomous vehicle companies headquartered in Silicon Valley, and another 32 in San Francisco. A vast majority of VC funding in this industry through the first half of the year was concentrated in Silicon Valley ($1.2 billion).
- Since the start of 2019, Nuro received the largest amount of venture funding globally within the autonomous vehicle industry, with $940 million dollars in Series B funding.
- Out of the $2.2 billion dollars in venture funding for autonomous vehicles globally, Silicon Valley received nearly 55% of all funding, reflecting the strength of investment and innovation in the Valley.
- Aurora recently signed a lease for 111,000 square feet in Mountain View relocating from Palo Alto.
Sources: Crunchbase, JLL Research