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About PlusAI
Industries
Automotive & Transportation
Energy
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$799.3M
Headquarters
Santa Clara, California
Founded
2016
Overview
Plus.ai develops self-driving systems specifically for heavy trucks, aiming to improve safety, comfort, and reduce carbon emissions in long-haul trucking. Their main product, PlusDrive, is designed to enhance the efficiency of commercial transportation. The system operates through a closed-loop learning mechanism, allowing for continuous updates and improvements via over-the-air software. Plus.ai distinguishes itself from competitors by focusing on partnerships with large logistics firms and truck manufacturers, and by conducting extensive testing to validate their technology. The company's goal is to lead the autonomous trucking industry by providing solutions that make transportation safer and more sustainable.
Simplify's Take
What believers are saying
- Collaboration with Alibaba Cloud boosts Plus's data processing capabilities.
- Launch of PlusProtect opens new markets in passenger vehicle safety systems.
- Recognition as a 2024 Edison Award Gold Winner highlights Plus's innovation.
What critics are saying
- Geopolitical tensions with China may affect Plus's operations.
- Reliance on partners like Hyundai could be risky if they develop own technologies.
- New safety regulations may require costly adjustments to Plus's technology.
What makes PlusAI unique
- Plus is a leader in autonomous trucking with its PlusDrive system.
- Partnerships with Hyundai and FAW enhance Plus's global market presence.
- Plus's AI-based PlusProtect technology expands its reach beyond trucking.
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Funding
Total Funding
$799.3M
Above
Industry Average
Funded Over
4 Rounds
Lightspeed Venture PartnersBenefits
Company Equity
Growth & Insights and Company News
6 month growth
↓ -6%1 year growth
↑ 0%2 year growth
↑ 0%SANTA CLARA, Calif. and MUNICH, Oct. 30, 2024 /PRNewswire/ -- Plus together with the TRATON GROUP brands Scania, MAN, and International marked the successful completion of their initial phase of collaboration to bring driverless trucks to the world. The milestone was achieved by the release of the Beta 5.0 version of Plus's Level 4 AI-based autonomous driving software, SuperDrive™, which is now operational in TRATON autonomous trucks in Europe and the U.S. and after months of public road testing on both continents. The companies have also mapped hub-to-hub routes for phased commercial deployment in Texas
Beijing (Gasgoo)- On September 20, 2024, at the Apsara Conference 2024, autonomous commercial vehicle technology firm Plus announced a comprehensive partnership with Alibaba Cloud.
Headquartered in Silicon Valley with operations in the U.S., Europe, and Australia, Plus is named by Fast Company as one of the World's Most Innovative Companies.
Ambarella (NASDAQ: AMBA) and Plus have announced the availability of PlusVision(TM), a high-performance transformer-based autonomous driving (AD) perception software stack, on Ambarella's CV3-AD AI domain controller family.
Hyundai announced it is working with autonomous trucking technology company Plus to develop North America's first SAE Level 4 autonomous fuel-cell-electric truck.
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About PlusAI
Industries
Automotive & Transportation
Energy
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$799.3M
Headquarters
Santa Clara, California
Founded
2016
PlusAI is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today