Wednesday, February 13, 2019

TuSimple, With Operations In Arizona, Raises $95M For Autonomous Trucks

TuSimple, a developer of autonomous trucking technology, which has its testing operations in Tucson, said on Wednesday that it has raised $95M in a Series D funding round. The funding came from Chinese investors SINA Corp. and Composite Capital. TuSimple says it has now raised a total of $178M. The new funding values the company at $1 billion. The company was founded in 2015, and has offices in San Diego, California; Tucson, Arizona; Beijing, China; Shanghai, China; and Fukuoka, Japan. The company said it first opened up a testing facility in Tucson in August of 2017, and has been testing a fully automated truck between Tucson and Phoenix since then.