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About Embark Trucks
Industries
Robotics & Automation
Automotive & Transportation
Company Size
11-50
Company Stage
IPO
Total Funding
$308.7M
Headquarters
San Francisco, California
Founded
2016
Overview
Embark Trucks develops self-driving software for the trucking industry, allowing trucks to operate autonomously. Their technology aims to improve efficiency, safety, and reliability in freight transportation. By licensing their software to large freight carriers and logistics companies, Embark helps these clients reduce costs associated with human drivers and transition to autonomous operations. Unlike competitors, Embark has established partnerships with major industry players like Ryder and U.S. Xpress to create a nationwide terminal network for autonomous operations. The company's goal is to transform the logistics and transportation market by making autonomous trucking a viable option for freight carriers.
Simplify's Take
What believers are saying
- Growing interest in autonomous trucking from logistics giants like FedEx and UPS.
- Advancements in sensor technologies enhance safety and efficiency of autonomous vehicles.
- Expansion of 5G networks improves connectivity and real-time data processing for trucks.
What critics are saying
- Embark faces financial instability with recent layoffs and office closures.
- Acquisition by Applied Intuition may undervalue Embark's assets and technology.
- Industry crisis may affect Embark's ability to maintain partnerships and client trust.
What makes Embark Trucks unique
- Embark is a pioneer in autonomous trucking with a focus on self-driving software.
- The company has partnerships with major players like Ryder and U.S. Xpress.
- Embark's technology operates in diverse conditions, including rain, fog, and snow.
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Funding
Total Funding
$308.7M
Above
Industry Average
Funded Over
7 Rounds
Tiger Global
SV Angel
Y CombinatorBenefits
Flexible vacation
Paid Holidays
Team and Company-wide offsites and working retreats
Medical, dental, vision coverage
FSA and HSA Accounts
Mental Health Support
AD&D and life insurance
Paid parental leave
Ownership/equity for all employees
Pre-tax commuter benefits for onsite employees
Individual Learning & Development budget for employees
Meals & Snacks onsite
In-person and virtual social events
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↓ -20%Rare ONES - Embark on a journey through the distinctive world of the Unipower GT, an exceptional sports car that emerged from the heart of England's automotive scene in the mid-1960s.
Embark upon a seamless computing journey with Introducing the GPD Win Max 2 (2023), which unveils a new epoch of portable gaming with its formidable AMD Ryzen 7040U series processors.
Embark on a laughter-filled journey with its "30 Best Funny Travel Quotes."
Embark on A culinary journey to the best Indian Restaurants in Maldives.
In May 2022, U.S. Xpress joined forces with Embark Trucks, Inc., a pioneer in the development of autonomous technologies for the transportation sector.
There are no jobs for Embark Trucks right now.
Find jobs on Simplify and start your career today
About Embark Trucks
Industries
Robotics & Automation
Automotive & Transportation
Company Size
11-50
Company Stage
IPO
Total Funding
$308.7M
Headquarters
San Francisco, California
Founded
2016
There are no jobs for Embark Trucks right now.
Find jobs on Simplify and start your career today