Zoox, a once-secretive self-driving car startup, is closing a $500 million raise at a $3.2 billion post-money valuation, Bloomberg Businessweek reports.
Prior to the deal, Zoox was valued at $2.7 billion, Zoox confirmed to TechCrunch.
The round, led by Mike Cannon-Brookes of Grok Ventures, brings its total amount of funding to $800 million.Zoox plan, according to Bloomberg, is to publicly deploy autonomous vehicles by 2020 in the form of its own ride-hailing service.
The cars themselves will be all-electric and fully autonomous.
Meanwhile, ride-hail companies like Uber and Lyft are also working on autonomous vehicles, as well as a number of other large players in the space.Zoox, which turned four years old this month, is a 500-person company founded by Tim Kentley-Klay and Jesse Levinson.
In the meantime, head over to Bloomberg for the full rundown.