The launch of self-driving truck startup Stack AV represents more than the return of Argo AI's co-founders to the autonomous driving realm.
It might be a bellwether for the broader industry's burgeoning health, said Reilly Brennan, general partner at Trucks Venture Capital.
"That investment announcement was probably one of the most significant things to happen to the automotive technology space in the past 12 months," he said last week at the Automotive News Congress in Detroit.
Stack was founded with a $1 billion investment from SoftBank Group Corp., according to Crunchbase records. The startup's executives revealed their intentions to enter the choppy self-driving truck industry this month.