PlusAI to Go Public in $800 Million SPAC Deal
Summary
PlusAI agreed to go public through a merger with Texas Ventures Acquisition III Corp in a deal valuing the autonomous trucking software company at about $800 million before new money. The company plans to use the transaction to support its path toward a targeted 2027 commercial launch of factory-built autonomous trucks. PlusAI says it now has meaningful revenue from its HyperFoundry software platform and expects more contracted revenue in 2026. The company also continues to operate autonomous freight routes in Texas with partners including International and Ryder while it builds toward commercial deployment of SuperDrive.
Funding
Amount
$800.0M
Total raised
Date
January 1, 2026
Announcement date
Investors
international
Lead investors
Company
plus.ai
Funded company
AskAI Classifications
Sectors
No sectors detected
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
PlusAI
$1M to $5M