Tim Kentley-Klay, the co-founder and CEO of secretive self-driving car firm Zoox, was fired instantly Wednesday by the corporate’s board.
Kentley-Klay’s departure was first reported by The Info, which cited an unnamed supply. Kentley-Klay later tweeted a press release confirming that he had been fired by the board.
Kentley-Klay and Zoox couldn’t be reached for remark. TechCrunch will replace the story because it develops.
Within the tweet, Kentley-Klay wrote:
I got here to this city as a founder solely to construct the way forward for mobility, and by the metrics shared right here was crushing it towards the largest. However the stunning actuality is that this—with no warning, trigger or proper of reply—the board fired me. At the moment was Silicon Valley as much as its worst tips. This city sells the story that it backs founders to create actual change. Slightly than working via the problems in an epic startup for the win, the board selected a path of worry, optimizing for a bit cash in hand on the expense of profound progress for the Universe. Cheers to the true believers which have constructed Zoox from scratch these final 4 years. Don’t let anybody stand between you and what is true. TKK.
He additionally posted a graphic evaluating the capital effectivity of prime autonomous car packages like Waymo, Uber, and Cruise with Zoox.
Kentley-Klay has since posted greater than a dozen tweets, quoting others who’ve contacted him to specific assist and disappointment. He doesn’t identify anybody, however the presumption is that these are Zoox staff.
The firing comes only a month after Zoox closed an enormous $500 million funding spherical at a $three.2 billion post-money valuation. The spherical, led by Mike Cannon-Brookes of Grok Ventures, brings its complete quantity of funding to $800 million.
Kentley-Klay based Zoox with Jesse Levinson about 4 years in the past. The corporate is notorious for its secrecy. The primary actual inside look into the corporate, and Kentley-Klay, got here only a month in the past in a function by Bloomberg’s Ashlee Vance.
The corporate, which employs about 500 individuals, desires to deploy autonomous autos on public streets and launch a ride-hailing service with its fleet by 2020.