Comma.ai Receives $3,100,000 New Funding

  • Feed Type
  • Date
    4/5/2016
  • Company Name
    Comma.ai
  • Mailing Address
    Undisclosed San Francisco, 94107 USA
  • Company Description
    At launch, Comma software will enable cars already on the road to autonomously navigate highways and interstates, much like Tesla’s autopilot feature, except Comma isn’t placing a limit on how fast the vehicle can go while operating the software.
  • Website
    http://www.comma.ai
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,100,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    In the company’s march to full autonomy, Hotz plans to use the cash infusion in his otherwise self-funded company to add a few more engineers to his staff of four full-time employees, and to take Comma to launch by the end of the year, when he hopes to begin selling an aftermarket semi-autonomous kit for under $1000.
  • M&A Terms
  • Venture Investor
    Andreessen Horowitz
  • Venture Investor
    Undisclosed

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