Kimberly Salzer has stepped down as chief marketing officer of high-speed transportation developer Hyperloop One after a year on the job, according to Recode. She’s reportedly leaving to join Ozobot, a startup making robots designed to teach kids how to code. Salzer’s departure comes mere days after Hyperloop One delayed the first full test for its prototype for the third time, per The Wall Street Journal.
Hyperloop
The Los Angeles-based company is working to develop a transportation network using tube-based hyperloop technology, the space-age idea first put forth by Elon Musk in 2013. Founded a year later, Hyperloop One has raised about $150 million from investors including 137 Ventures and Cherubic Ventures and was valued at $239 million with its Series B in May 2016. Yet for a variety of reasons, including the novelty of the tech and the difficulty of creating the necessary infrastructure, there’s been speculation about whether the company’s product will ever see the light of day.
Read more about Hyperloop One in its free profile, and check out our previous coverage of the startup right here.
Article by PitchBook
