Stories by Kia Kokalitcheva

Zoox raises $200 million to build self-driving car

Zoox self-driving car a the street in San Francisco.
Zoox vehicle in San Francisco. Photo by Andreas Hoenig/dpa via Getty Images.

Self-driving startup Zoox has raised $200 million in new convertible note funding, which will be folded into a Series C round that's expected to close later this year or at the beginning of 2020.

Why it matters: Zoox is more ambitious than most other autonomous tech startups, seeking to develop the entire car instead of just the software or sensors.

Venture capital industry wants more clarity on foreign investment rules

illustration of a dollar bill folded like a staircase
Illustration: Aida Amer/Axios

The National Venture Capital Association (NVCA) submitted a long list of comments on Thursday to CFIUS — the Committee on Foreign Investment in the United States, an interagency group housed within Treasury — regarding a year-old law that added more stringent rules for foreign investments in U.S. firms.

What's happening: The Foreign Investment Risk Review Modernization Act — or FIRRMA — is meant to protect strategic American tech like artificial intelligence.

Report: Oracle co-CEO Mark Hurd dies at 62

Mark Hurd. Photo: Adam Jeffery/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

Mark Hurd, co-CEO of Oracle, died on Friday, according to CNBC. Hurd, who was 62 years old, had taken a leave in September for unspecified health reasons.

Why it matters: Hurd became co-CEO in 2014 after four years as president of Oracle. He joined Oracle after resigning as chief executive of Hewlett Packard, where his five-year tenure revived the struggling firm's finances but also included a string of controversies, including sexual harassment claims and revelations that the company tried to spy on journalists.