Gate News message, April 15 — Glydways, a San Francisco-based autonomous transit startup backed by Sam Altman, is in talks to raise an additional $250 million following a $170 million Series C round, seeking a valuation above $1 billion, according to founder and co-CEO Mark Seeger. The company is developing pod-like self-driving vehicles that run on dedicated two-meter-wide lanes.
Glydways said it is negotiating more than 20 projects globally. The startup has begun construction this year on a public system in South Metro Atlanta, while Dubai is targeting commercial operation in 2027.
The company is pursuing Middle East expansion beyond Dubai, including a strategic partnership with the Abu Dhabi Investment Office (ADIO) to explore deployment across Abu Dhabi and establish a local final assembly and production facility. The Dubai project uses a Public-Private Partnership (PPP) model, with Dubai’s Roads and Transport Authority (RTA) claiming the system could carry over 20,000 passengers per hour in both directions and achieve capital cost savings of up to 90% compared to rail.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hyundai Motor Group Reorganizes Around AI and Robotics, Targets 30,000 Atlas Robots by 2030
Hyundai Motor Group is restructuring to focus on AI and robotics, reducing traditional operations. It plans a $34.3 billion investment in robotics by 2030 and aims to launch a robotics-as-a-service model, collaborating with Google DeepMind and NVIDIA.
GateNews2h ago
NEA explores use of artificial intelligence in nuclear regulation
The NEA Working Group on New Technologies convened a workshop on March 25--26, focusing on how artificial intelligence can be applied to regulatory oversight and internal operations within nuclear authorities.
Summary
NEA workshop explored real-world AI applications in nuclear regulation, with
Cryptonews5h ago
China to Test 300+ Humanoid Robots in Beijing Half-Marathon on April 19
Beijing's second robot half-marathon features over 300 humanoid robots from 70 teams competing on a 21-km course. Advances in autonomous movement are highlighted, with 40% operating without control. China dominates the humanoid robot market, despite production challenges.
GateNews8h ago
US Seeks Increased Namibian Uranium Imports to Power AI-Driven Nuclear Plants
The U.S. is contemplating increased uranium imports from Namibia to support nuclear energy for AI data centers, as China dominates Namibia's uranium sector. Rising uranium prices are reviving mining interests, despite water supply challenges in the arid region.
GateNews8h ago
OpenAI Executives Bill Peebles and Kevin Weil Depart in Leadership Reshuffle
OpenAI executives Bill Peebles and Kevin Weil announced their exits, part of a series of leadership changes as the company decentralizes its operations. Their departures follow several other high-profile exits and a shift in company structure.
GateNews9h ago
Zoom Partners with World to Add Deepfake Detection Using Facial Recognition
Zoom has partnered with Sam Altman's World to launch a feature detecting real participants versus AI deepfakes during video calls. This aims to combat increasing deepfake fraud, with verification options for hosts and participants.
GateNews9h ago
