Tech Company Financing Transactions
Comma.ai Funding Round
Comma.ai closed a $3.1 million funding round on 4/5/2016. Investors included Andreessen Horowitz and private investors.
Transaction Overview
Company Name
Announced On
4/5/2016
Transaction Type
Venture Equity
Amount
$3,100,000
Round
Undisclosed
Investors
Andreessen Horowitz (Lead Investor) (Christopher Dixon)
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Undisclosed
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
George Hotz
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