Glydways Inc., the robocar startup backed by Sam Altman, is in talks to raise an additional $250 million on the heels of a roughly $170 million Series C round, underlining the high hopes and daunting hurdles of developing closed-loop self-driving car systems.
The company, backed also by Khosla Ventures, is seeking a valuation of more than $1 billion for its next round, founder and co-Chief Executive Officer Mark Seeger said in an interview. Glydways’ capital-intensive development plans span more than 20 potential projects under negotiation globally, and it’s drawn particular interest in Japan, with new backer Obayashi ...
