Self-driving technology startup and Unicorn Zoox has now raised $500 million in a new Series B round confirmed to be led by Australian entrepreneur and Billionaire Atlassian co-founder Mike Cannon-Brookes as first reported by Bloomberg.

 Zoox has been one of the most tracked startups in the autonomous vehicle space despite being quite secretive about its products but has seen much several reports concerning its autonomous vehicles and the company’s acquisition of talent from major technology companies like Tesla, Apple, Amazon, Google and Ferrari among others.

Zoox has now raised a total of about $800 million with its three funding rounds amounting to investments of $40 million, $250 million and $500 million respectively whilst being valued at $3.2 Billion post-money and counting notable investors including Billionaire film producer Thomas Tull, Lux Capital, Draper Fisher Jurvetson and Blackbird Ventures.

Zoox is notable for building its own autonomous vehicle from scratch as opposed to fitting already made cars with self-driving systems which makes it very unique but this method comes with a requirement of much heavy capital and it makes sense that Zoox is aiming for more capital in order to dish out its autonomous cars.

Zoox was notably founded by entrepreneur duo Tim Kentley-Klay and Jesse Levinson who in addition to previously being a part of Stanford’s autonomous technology unit stands as Silicon Valley royalty notable for being the son of Apple Chairman, Former Genentech lead and Calico Life Sciences CEO Arthur Levinson.

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