StackAV

StackAV

Develops autonomous systems for trucking industry

About StackAV

Simplify's Rating
Why StackAV is rated
C+
Rated C on Competitive Edge
Rated A on Growth Potential
Rated D+ on Rating Differentiation

Industries

Robotics & Automation

Automotive & Transportation

Company Size

201-500

Company Stage

Series A

Total Funding

$1B

Headquarters

Pittsburgh, Pennsylvania

Founded

2023

Overview

StackAV develops and implements autonomous systems specifically for the trucking industry. Their products aim to tackle challenges such as safety, reliability, and efficiency in transportation. These systems work by integrating advanced robotics and technology to streamline supply chain operations, allowing for faster and more reliable delivery of goods. Unlike other companies in the autonomous vehicle sector, StackAV focuses exclusively on the unique needs of trucking and logistics, providing tailored solutions that enhance operational efficiency. The goal of StackAV is to create a safer and more efficient transportation ecosystem, ultimately helping businesses reduce costs and improve productivity.

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Simplify's Take

What believers are saying

  • SoftBank's $1 billion investment indicates strong market confidence in Stack AV.
  • Joining AVIA allows Stack AV to collaborate with industry leaders and influence regulations.
  • The launch by Argo AI founders provides a strong foundation for leveraging expertise.

What critics are saying

  • Competition from Waymo and Tesla could limit Stack AV's market share.
  • Regulatory hurdles in key markets may delay Stack AV's expansion plans.
  • Dependence on SoftBank for funding poses financial risk if their strategy changes.

What makes StackAV unique

  • Stack AV integrates AI, robotics, and cloud tech for autonomous trucking solutions.
  • The company focuses on safety, reliability, and efficiency in the trucking industry.
  • Stack AV's founders leverage expertise from their previous venture, Argo AI.

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Funding

Total Funding

$1000M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$1000M
StackAV

Benefits

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

4%

2 year growth

38%
The Trucker
Dec 20th, 2023
Autonomous truck developer Stack AV forms safety advisory council

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.

Yahoo Finance
Dec 5th, 2023
SoftBank Mobile Arm Buys Irish Telco in Bet on Driverless Cars

SoftBank is also expected to invest an estimated $1 billion into Stack AV, an autonomous trucking startup.

The Robot Report
Nov 2nd, 2023
Robotics Companies Raised $1.8B In September 2023

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

The AV Industry
Oct 17th, 2023
Stack AV Joins AVIA

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.

CB Insights
Sep 15th, 2023
SoftBank makes a billion-dollar bet on autonomous trucking startup Stack AV

Autonomous trucking startup Stack AV raised a $1B Series A round backed by SoftBank last week.

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StackAV is Hiring for 12 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
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