Torc Robotics

Torc Robotics

Develops autonomous driving technology for trucks

About

Torc Robotics develops software systems for self-driving trucks, focusing on Level 4 autonomous driving technology that allows trucks to operate without human intervention in specific conditions. Their technology enhances road safety and meets the logistics industry's growing demands. Torc Robotics partners with major truck manufacturers like Daimler Trucks and collaborates with companies like Luminar Technologies to integrate advanced sensors into their systems. They generate revenue by selling their software to fleet operators and truck manufacturers, as well as providing ongoing support and updates. The company's goal is to improve efficiency and safety in freight transportation, positioning themselves as a leader in the autonomous vehicle market.

Company Stage

M&A

Employees

501-1,000

Industries

Robotics & Automation, Automotive & Transportation

Total Funding

N/A

Headquarters

Blacksburg, Virginia

Founded

2005


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Simplify's Take

What believers are saying

  • Torc is expanding operations to Texas and Michigan, enhancing market presence.
  • The company won the 2024 Top Software & Tech Award in the Robotics category.
  • Torc's collaboration with Aeva advances safety architecture for autonomous trucks.

What critics are saying

  • Increased competition from companies like Waymo and Aurora could impact market share.
  • Reliance on strategic partnerships poses risks if these partnerships face challenges.
  • Regulatory hurdles in different states could delay expansion and commercial operations.

What makes Torc Robotics unique

  • Torc Robotics specializes in self-driving truck technology, focusing on Level 4 autonomy.
  • The company has a strategic partnership with Daimler Trucks for autonomous vehicle development.
  • Torc's modular products enable rapid integration of robotic systems across various industries.

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Benefits

A competitive compensation package that includes a bonus component and stock options

100% paid medical, dental, and vision premiums for full-time employees

401K plan with a 6% employer match

Flexibility in schedule and generous paid vacation (available immediately after start date)

Company-wide holiday office closures

AD+D and Life Insurance

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