Zoox Inc., an autonomous-driving start-up recently valued at $3.2 billion, has dismissed its chief executive, Tim Kentley-Klay, shortly after closing a massive financing round.
Kentley-Klay tweeted that the firing Wednesday came "without a warning, cause or right of reply," adding that it "was Silicon Valley up to its worst tricks."
Jesse Levinson, the company’s other co-founder and current chief technology officer, will be promoted to president, said a person familiar with the decision who asked not to be identified because the discussions are private. The person declined to offer an explanation for the move. Carl Bass, the former CEO of Autodesk and a Zoox board member, was named executive chairman for the company.
In an emotional missive on Twitter, Kentley-Klay criticized the board for its decision. "Rather than working through the issues in an epic startup for the win, the board chose the path of fear," he wrote, alleging that the directors were "optimizing for a little money in hand at the expense of profound progress."
Foster City, Calif.-based Zoox stood out in the crowded field of self-driving newcomers and corporate titans for its outsized ambition and financial backing. The 4-year-old company — which has raised about $800 million, including $500 million in July — aims to create a fully driverless vehicle ready for the road by 2020. The young company’s rapid ascendance in Silicon Valley was driven largely by the unorthodox entrepreneurial zeal of Kentley-Klay, an Australian native with no prior automotive experience.
"We are a start-up pitted against the biggest companies on the planet,” Kentley-Klay recently told Bloomberg Businessweek. “But we believe deeply that what we’re building is the right thing. Creativity and technical elegance will win here.”
Before starting Zoox, Kentley-Klay was offered a job with Google’s self-driving project, which is now a spinoff called Waymo under Alphabet Inc’s umbrella. He turned it down and has touted Zoox’s strategy of building its own vehicles for full autonomy as wiser than the standard approach of retrofitting existing cars that Waymo and others are taking.