AI News & TrendsRivian Spinout ALSO Raises $150M Series D for Autonomous Delivery Push
ALSO, a Rivian spinout, has raised $150 million in Series D funding led by Prysm Capital, with plans to expand into autonomous delivery vehicles. The company appears to be following a common late-stage growth pattern and may use the funds for scaling operations, expanding geographically, or preparing for public company requirements. There have been no public announcements of acquisitions or major hires since the funding, which suggests management may still be finalizing plans. Entering the autonomous delivery market puts ALSO among competitors raising larger sums, and this funding might go toward testing automation in cities before wider rollout. It is not yet clear when or if ALSO will pursue an IPO or other major steps, as future milestones have not been announced.













