According to Reuters, the autonomous car start-up Zoox has admitted receiving confidential documents from Tesla. These documents were stolen by former employees of Elon Musk’s company after saying goodbye to their duties. A court case was underway over the documents where Zoox finally admitted what happened.
Thus, Zoox issued an official statement indicating that it will pay Tesla an unspecified amount. In addition, the start-up company will audit its employees to make sure that none of them are withholding information about Tesla.
Zoox claims to “regret the actions of its employees” and promises to improve its internal training with respect to confidentiality agreements. This is to ensure that all Zoox employees are aware of their contractual obligations.
Who is Zoox?
Zoox was founded in 2014, with plans to build autonomous vehicles from scratch, unlike the current system. Today, manufacturers are adapting the traditional car model to add autonomous driving technology. Zoox managed to raise half a million dollars in the summer of 2018.
At the end of 2018, the company had already received a $ 3 billion valuation. However, despite its success, the company changed management, replacing its co-founder and then CEO Tim Kentley-Klay with Aicha Evans, former Intel executive.
However, recently, Zoox faced a complicated situation: the start-up dismissed 100 employees from various positions due to the outbreak of COVID-19. Therefore, paying the amount to Tesla will not benefit the company at all.