TuSimple is an AI empowered Artificial Intelligence company on the cutting edge of the autonomous trucking industry.
TuSimple focuses on computer vision, artificial intelligence, algorithms and mapping technology in the autonomous truck industry.
TuSimple was founded in Sep 2015 with headquarters in San Diego, CA and Beijing, China, and their product and testing facility located in Tucson, Arizona.
TuSimple's mission is to set a new standard on safety, reliability, and efficiency in the trucking industry.
TuSimple is developing a commercial-ready Level 4 (SAE) fully-autonomous driving solution for the logistics industry. TuSimple’s trucks are the first and only capable of self-driving from depot-to-depot and do so every day for its customers.
TuSimple launched the AFN in July with the goal to provide reliable low-cost freight transportation throughout the lower 48 United States through the use of Level 4 autonomous trucks.
TuSimple is backed by Nvidia GPU Ventures, Sina, Composite Capital Management, CDH Investments, Navistar, VectoIQ, Traton Group, UPS Ventures, and others. The company raportedly raised $350M in Series E round on Nov 20, 2020. This brings TuSimple's total funding to $648.1M to date. TuSimple gained a $1.1B valuation after it had raised a $95M Series D round in Feb 2019.
TuSimple went public on Apr 15, 2021. The company raised $1.08B from the listing at a IPO valuation of $8.49B.