Tom York on Business: San Diego Startup Raises $350 Million for Self-Driving Big Rigs

Funding Rounds

Summary

TuSimple, which also has offices in Beijing and a facility in Tucson, has revealed deals with U.S. Xpress and Penske Truck Leasing as well as Berkshire Hathaway-owned grocery distributor McLane. The 5-year-old concern, considered one of the leading tech entrants in the race to put self-driving trucks on the road, says it plans to launch a fully autonomous tractor-trailer next year. San Diego PR firm Clearpoint Agency says it has added three clients involved in the COVID-19 pandemic: They include ARCpoint Labs, Downtown Works and North County Biotech Laboratories. The grants, to be split among the county’s five supervisorial districts, were proposed by supervisors Greg Cox and Nathan Fletcher to help offset the lost income. The San Diego Clydesdale Community Leaders Program, designed to help Black business owners accelerate growth, has announced its first class.

$ Funding

$
Amount $350.0M Total raised
Date November 30, 2020 Announcement date
Investors FreightWaves Lead investors
Company http://www.tusimple.ai/ Funded company

Classifications

industries
Fintech & Banking
applications
Anti Piracy

AskAI Classifications

Labels
SaaS Supply Chain Software Business Intelligence Software

Linked Companies

FreightWaves
$10M to $25M