The ascension of life sciences
- The 2021 THRIVE Innovation Icon Award goes to Bloomfield Robotics
- Autonomous trucking: From the Strip District
- India’s largest cargo airline, SpiceXpress, is the newest addition to Pittsburgh International Airport’s cargo service
- Simcoach Games started a game creator apprenticeship program
- In New Castle: small businesses are supporting an “American Comeback”
As it works to commercialize its autonomous driving system, Argo AI is working to go public.
Argo AI builds software and other support infrastructure for self-driving vehicles. The firm has spent years developing autonomous systems for the world’s largest automakers, like Ford and Volkswagen, and now plans to introduce its self-driving system commercially. Since its founding in 2016, Argo has since reached a market value of more than $7 billion.
The company is focusing its efforts on securing a round of private investment as part of its plan to go public. The funding Argo expects to raise this summer will assist in their AV effort and place it in the running amongst its competitors like Alphabet Inc.’s Waymo and General Motors Co.’s Cruise. The competition is heating up, and Argo is positioning itself and Pittsburgh to be a leader in the global race to achieving widespread autonomous adoption.
From the Blog
Life sciences hubs – from the Bay Area in California to Cambridge, Massachusetts – obtained their status of global excellence by intentionally building into their cities and regions elements that encourage the industry to grow.
For an emerging life sciences hub like Pittsburgh, those same elements are in development now, with many on the cusp of opening and coming online. For a place like Pittsburgh, which has a track record of intentionally building industry clusters, the future looks particularly bright in the life sciences.
There is an innovation cluster organically forming in Pittsburgh, but developers, universities and foundations are investing to accelerate that innovation, particularly in life sciences.
Read more from Life Sciences PA CEO, Chris Molineaux, on Pittsburgh’s ascension in the industry.
Click to TweetLuke Skurman, CEO, Niche
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