Pony.ai was founded in 2016 by James Peng and Lou Tiancheng. In a July 2019 interview with the Nikkei Asian Review, CEO James Peng noted in that there are no plans for an initial public offering at this time. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Pony.ai is an autonomous vehicle technology company building full-stack autonomous driving solutions and developing artificial intelligence solutions in the field of robotics. The company has raised approximately $725 million in Venture Capital funding from investors including Toyota Motor, Comet Labs, Delong Capital, Eight Roads, Green Pine Capital Partners, Redpoint China Ventures, DCM Ventures, IDG Capital, Legend Capital, Morningside Venture Capital, Puhua Capital, and Sequoia Capital. Per company press releases, Pony.ai last raised $400 million in February 2020 at a post-money valuation of over $3 billion.