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Glydways Inc. raises $76 million in Series B funding led by Suzuki for Southeast Asia expansion

May 15, 2024over 1 year ago

Amount Raised

$76 Million

Round Type

series b

South San FranciscoTransportation

Investors

Eneos Holdings Inc.Mitsui Chemicals Inc.Suzuki Motor Corp.Open Ai

Description

Glydways Inc., an autonomous vehicles and infrastructure company, has raised $76 million in its Series B funding round. The funding round includes contributions from OpenAI co-founder Sam Altman, Japanese automaker Suzuki Motor Corp., Mitsui Chemicals Inc., and oil refinery operator Eneos Holdings Inc. The new investment will support the company's expansion into Southeast Asia and further research and development efforts.

Company Information

Company

Glydways

Location

2268 Westborough Blvd

South San Francisco, California, United States

About

Glydways, formerly Wayfarer is a transportation technology and clean energy company based in South San Francisco, California. It specializes in the design, manufacture, installation, and operation of affordable autonomous transportation for low, medium, and extremely high-capacity needs.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech