Sam Altman, Suzuki Back Robocar Startup to Chase Growth in Asia

Robocar network startup Glydways Inc. won the backing of OpenAI co-founder Sam Altman and Japanese automaker Suzuki Motor Corp. to fuel a bid to expand in Southeast Asia.

The South San Francisco-based maker of autonomous vehicles and infrastructure raised a total $76 million from Altman’s Apollo Projects and a group of new investors that includes Suzuki, Mitsui Chemicals Inc. and oil refinery operator Eneos Holdings Inc. The sum includes a previously disclosed investment from Bill Gates’s venture fund and Khosla Ventures.

Glydcar autonomous vehicle

Source: Glydways Inc.

The Series B round values Glydways, which is building a robocar network in San Jose, at ...