TuSimple

TuSimple

Develops and operates autonomous trucking services

About TuSimple

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

Industries

Automotive & Transportation

AI & Machine Learning

Company Size

201-500

Company Stage

IPO

Headquarters

San Diego, California

Founded

2015

Overview

Company Historically Provides H1B Sponsorship

TuSimple develops and operates self-driving trucks aimed at improving the trucking industry. Their autonomous trucks provide a service called "freight capacity as a service," allowing businesses to transport goods without owning their own fleet. Clients, primarily in logistics and freight, can hire TuSimple's trucks based on distance and volume of goods. The trucks are designed for high reliability, offering fast service while reducing carbon emissions. TuSimple stands out from competitors with its focus on low-cost pricing, scalable capacity, and transparent analytics. The company's goal is to enhance safety, cost efficiency, and environmental impact in freight transportation.

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Simplify's Take

What believers are saying

  • TuSimple's partnership with Shanghai SanTi Animation could enhance brand visibility.
  • The company's substantial funding from its 2021 IPO provides financial stability.
  • Expansion across America indicates a growing market presence in logistics.

What critics are saying

  • Pivot to entertainment projects may dilute focus from core trucking business.
  • Closure of Guangzhou division and legal claims could lead to financial liabilities.
  • Regulatory challenges with warning devices could delay autonomous truck deployment.

What makes TuSimple unique

  • TuSimple offers a commercial-ready Level 4 autonomous driving solution for logistics.
  • The company provides freight capacity as a service, reducing the need for fleet investment.
  • TuSimple's trucks are designed to be 99% reliable, ensuring fast and efficient service.

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Funding

Total Funding

$1876.9M

Above

Industry Average

Funded Over

6 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

100% employer-paid healthcare premiums for you and your family

Breakfast, lunch, and dinner served every day

Full kitchens on every floor with unlimited snacks, drinks, special treats, fruits, meals, and more

Stock options / equity

Gym membership reimbursement

Monthly team building budget

Learning/education budget

Employer-paid life insurance

Employer-paid long and short disability

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

1%
TechNode
Feb 19th, 2025
TuSimple closes Guangzhou gaming division and faces legal claims from employees

TuSimple closes Guangzhou gaming division and faces legal claims from employees.

FreightWaves
Jan 10th, 2025
Autonomous Trucks Have A Triangle-Shaped Problem

The autonomous truck battle: Roadside cab-mounted beacons versus triangles(Photo: Jim Allen/FreightWaves)The question of roadside warning devices adds a triangle-shaped wrinkle to autonomous truck makers’ plans after the Federal Motor Carrier Safety Administration recently ruled that Aurora and Waymo did not provide enough data backing their request to ditch the traditional triangular road devices for cab-mounted warning beacons. Aurora and Waymo filed the petition in 2023 seeking a five-year exemption from the required placement of warning devices around stopped commercial motor vehicles (CMVs). Level 4 automated driving systems (ADS) have a unique issue if a roadside event occurs – namely that there would not be a person available to leave the vehicle and place warning devices, which can come in the form of fusees, liquid-burning flares or three bidirectional reflective triangles. For the FMCSA, one of the reasons behind the denial is that the cab-mounted warning beacons are only at the front of the truck, while the flares, fusees or reflective triangles are behind the trailer. In layman’s terms, the concern is that it’s harder to see. FMCSA Deputy Administrator Vinn White said in the denial notice: “One distinction between … warning triangles and the proposed beacons is that warning triangles are placed at the rear of a stopped CMV (in addition to the front), while the proposed beacons are located only at the front of the cab — raising the possibility that drivers see the rear of a stopped CMV before they see the beacons. While applicants contend that the beacons are visible from behind the vehicle, the evidence was inconclusive.”The same notice stated that Waymo commissioned a study to evaluate whether drivers could detect, recognize and respond to certain beacons on a closed test track in daylight and nighttime conditions while simulating a stopped CMV. The study compared driver reactions to cab-mounted warning beacons with reactions to warning triangles and found that the participants preferred the beacons over the triangles. Aurora also did a study observing the reactions of over 7,000 passenger vehicles to the presence of beacons versus warning triangles on public roads with unaware passing motorists traveling at highway speeds

GoKenny
Jan 9th, 2025
Top 6 Companies Making Self-Driving Trucks In 2024

Thanks to substantial funding and ongoing technological development, TuSimple continues to expand its autonomous trucking capabilities across America.

Pandaily
Dec 19th, 2024
The Autonomous Driving Company TuSimple Has Launched A New Brand 'CreateAI'

The autonomous driving company TuSimple has launched A new brand 'CreateAI'

Transport Topics
Dec 2nd, 2024
Ex-TuSimple CEO Hou Seeks to Liquidate Company's Assets

TuSimple raised $1.35 billion in an April 2021 initial public offering.

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