PlusAI builds autonomous trucking technology designed to improve long-haul freight efficiency, safety, and scalability. Its system integrates multi-sensor perception, real-time mapping, predictive modeling, and vehicle-level control to allow commercial trucks to operate with supervised or fully autonomous capabilities. The company partners with OEMs, logistics providers, and fleet operators to embed its self-driving platform directly into next-generation trucks. By focusing on reliability, advanced perception, and energy efficiency, PlusAI positions itself at the forefront of the autonomous freight movement as logistics networks evolve to meet rising demand.
What Is PlusAI and What Does It Do?
PlusAI, founded in 2016 by Hao Zheng, Tim Daly, David Liu, and Shawn Kerrigan, is a San Francisco–based (United States) autonomous driving technology company specializing in self-driving systems for commercial trucks.
PlusAI employs 146 people, delivering a full-stack platform that includes 360-degree perception, LiDAR and radar fusion, localization and mapping algorithms, predictive AI models, and real-time decision-making. Its solutions support driver-in, highly automated, and eventually driverless operations for large-haul freight, enabling logistics companies to reduce costs, improve safety, and increase network reliability.
How Much Funding Has PlusAI Raised?
1. Series C
- Amount Raised: $220M
- Date: Mar 31, 2021
- Lead Investors: FountainVest Partners, ClearVue Partners, Quanta Computer, Millennium Technology Value Partners, SAIC Capital, Sequoia Capital China
- Motivation: Support R&D in perception, mapping, and autonomous control; expand partnerships with logistics fleets.
2. Series C
- Amount Raised: $200M
- Date: Feb 10, 2021
- Lead Investors: GTJAI, CPE
- Motivation: Accelerate pilot deployments and advance deep learning models for trucking automation.
Total Funding Raised: $720M
Current Valuation: $1B (as of Aug 2019)
Latest Funding Date: June 2021
Key Investors
1. Sequoia Capital China
- Details: Leading venture fund with strong focus on high-growth technology.
- Investment Focus Areas: AI, mobility, semiconductors, enterprise software.
- Notable Investments: ByteDance, DJI, Meituan, NIO, Pinduoduo.
2. Amazon
- Details: Global technology and logistics leader with strong interest in autonomy.
- Investment Focus Areas: Robotics, transportation, cloud, AI.
- Notable Investments: Rivian, Zoox, Aurora Innovation, Agility Robotics, Air Transport Services Group.
3. ClearVue Partners
- Details: Growth capital firm investing in disruptive consumer and tech companies.
- Investment Focus Areas: Consumer tech, automation, logistics.
- Notable Investments: PlusAI, Energy Monster, Guazi, HungryPanda, Maimai.
4. FountainVest Partners
- Details: Private equity firm investing across consumer, industrial, and tech sectors.
- Investment Focus Areas: Mobility, advanced manufacturing, enterprise tech.
- Notable Investments: Li Auto, CJ Rokin Logistics, Shanghai Fanuc Robotics, Amer Sports, Huisheng International.
5. Millennium Technology Value Partners
- Details: Growth equity investor in category-defining technology companies.
- Investment Focus Areas: Mobility, cloud, enterprise infrastructure, fintech.
- Notable Investments: Facebook, Dropbox, Spotify, Chegg, Integral Ad Science.
Where Is PlusAI’s Headquarters?
PlusAI is headquartered in San Francisco, close to leading autonomous vehicle talent, OEM partners, and AI research hubs.
What’s Next for PlusAI?
PlusAI is expected to expand commercial trucking pilots, deepen OEM integrations, and advance Level-4 autonomous capabilities. The company will also focus on large-scale deployments across logistics corridors while improving system safety and fuel efficiency.
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