Driverless car startup Pony.ai raises $462 million at a $3 billion valuation

In a sign that investors’ enthusiasm for driverless cars hasn’t dampened yet, Pony.ai today secured a whopping $462 million in fresh funding, $400 million of which came from Toyota. The capital infusion brings the Guangzhou- and Fremont, California-based startup’s total raised to about $800 million at a valuation north of $3 billion (up from $1 billion as of October 2019), following previous venture rounds just shy of $265 million in total.