Plus joined the Unicorn Club after raising $520 million across multiple funding rounds, reaching a $1 billion valuation. Founded in 2016 and headquartered in San Francisco, California, United States, Plus develops AI powered autonomous driving technologies for trucking and logistics companies.
The platform combines perception, decision making, and control systems to enable safe, efficient, and scalable self driving operations.
Keep reading to learn how Plus scaled into a $1 billion AI and autonomous vehicle unicorn.
What Is Plus and What Does It Do?
Founded in 2016, Plus is an autonomous driving technology company specializing in commercial trucking solutions. The platform integrates AI driven perception, planning, and vehicle control systems to enable safe and efficient long haul operations.
Plus works with logistics operators and truck manufacturers to deploy autonomous trucking solutions at scale. Its technology reduces operational costs, improves driver safety, and enhances supply chain efficiency.
How Much Funding Has Plus Raised?
1. Seed Round
- Amount Raised: $10 million
- Date: 2017
- Lead Investors: Early stage venture investors
- Purpose: Develop AI algorithms and initial autonomous driving prototypes
2. Series A Round
- Amount Raised: $40 million
- Date: 2018
- Lead Investors: Lightspeed Venture Partners
- Purpose: Expand engineering team and accelerate testing for autonomous trucks
3. Series B Round
- Amount Raised: $150 million
- Date: 2019
- Lead Investors: Tiger Global Management
- Purpose: Scale product development, conduct large scale trials, and grow commercial partnerships
4. Series C Round
- Amount Raised: $320 million
- Date: 2021
- Valuation: Approximately $1 billion
- Lead Investors: Tiger Global Management, Lightspeed Venture Partners
- Purpose: Accelerate commercial deployment, expand AI platform capabilities, and grow operations
Total Funding Raised: $520 million Latest Funding Date: 2021 Latest Known Valuation: $1 billion
Key Investors
- Tiger Global Management
- Details: Global investment firm focused on growth stage companies
- Focus Areas: AI, autonomous vehicles, and enterprise technology
- Lightspeed Venture Partners
- Details: Venture capital firm investing in technology platforms
- Focus Areas: Enterprise software, AI, and autonomous mobility
- GSR Ventures
- Details: Technology venture capital firm
- Focus Areas: AI, mobility solutions, and high growth startups
Where Is Plus’ Headquarters?
Plus is headquartered in San Francisco, California, United States, serving as the hub for its AI research, autonomous driving development, and commercial operations.
What’s Next for Plus?
Plus plans to expand its autonomous driving platform across commercial trucking networks, enhance AI capabilities, and scale operations globally. The company is focused on regulatory compliance, safety enhancements, and strategic partnerships to accelerate adoption of self driving logistics solutions.
Get Investor and Funding Insights with TexAu
TexAu helps you track verified investor activity, funding rounds, and company growth signals across high growth startups like Plus. Discover actionable insights on AI driven mobility, autonomous vehicle technologies, and logistics innovation.
Sign up for Free to unlock real time investor and funding intelligence.