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About StackAV
Industries
Robotics & Automation
Automotive & Transportation
Company Size
201-500
Company Stage
Series A
Total Funding
$972.7M
Headquarters
Pittsburgh, Pennsylvania
Founded
2023
Overview
StackAV develops and implements autonomous systems specifically for the trucking industry. Their products focus on improving safety, reliability, and efficiency in supply chain operations. These systems work by utilizing advanced robotics and technology to automate various aspects of trucking, allowing for smoother operations and faster delivery of goods. Unlike other companies in the autonomous vehicle sector, StackAV tailors its solutions to meet the specific needs of trucking companies and logistics firms, ensuring that their technology directly addresses industry challenges. The goal of StackAV is to create a safer and more efficient transportation ecosystem that enhances business outcomes for their clients.
Simplify's Take
What believers are saying
- Stack AV secured $1 billion in funding from SoftBank, boosting its growth potential.
- Joining AVIA enhances Stack AV's industry influence and collaboration opportunities.
- The use of AI-driven predictive maintenance improves fleet reliability and reduces downtime.
What critics are saying
- Competition from Waymo and Tesla challenges Stack AV's market position.
- Regulatory hurdles could delay Stack AV's deployment plans across different states.
- Reliance on SoftBank for funding poses financial risks if investor priorities change.
What makes StackAV unique
- Stack AV integrates AI, robotics, and cloud tech for advanced autonomous trucking solutions.
- The company focuses on safety, reliability, and efficiency in the trucking industry.
- Stack AV's founders have a strong background from their previous venture, Argo AI.
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Funding
Total Funding
$972.7M
Above
Industry Average
Funded Over
1 Rounds
SoftBankIndustry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 5%2 year growth
↑ 245%A developer of autonomous trucking solutions, Stack AV also published its inaugural Voluntary Safety Self-Assessment (VSSA), which outlines the company's initiatives to hold itself to high safety standards and commitment to be transparent with the general public, regulators, and other stakeholders in its efforts to do so.
SoftBank is also expected to invest an estimated $1 billion into Stack AV, an autonomous trucking startup.
Listen to this articleRobotics investment for the month of September 2023 totaled $1.84 billion, the result of 50 investments (See Table 1 below or download Table 1 here). Total funding for the months of January 2023 through September 2023 equals approximately $10.7 billion. Funding was $851 million in August 2023 and nearly $2 billion in July 2023. Companies located in the USA, China and Israel received the most rounds and the most funding amounts, dwarfing other countries (Figure 1, below). Companies based in the USA received the majority of the rounds (23), which resulted in a total funding inflow of $537 million. Firms based in China attracted $141 million in funding (coming from 17 investments), while four investments in Israeli companies accounted for $94M in investment
Washington, D.C. - The Autonomous Vehicle Industry Association (AVIA) announced today that Stack AV, a company committed to developing technologies for autonomous trucks, joins AVIA as its newest member.
Autonomous trucking startup Stack AV raised a $1B Series A round backed by SoftBank last week.
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About StackAV
Industries
Robotics & Automation
Automotive & Transportation
Company Size
201-500
Company Stage
Series A
Total Funding
$972.7M
Headquarters
Pittsburgh, Pennsylvania
Founded
2023
StackAV is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today