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A semi-autonomous truck from TuSimple's test fleet carries cargo through Arizona.TuSimple
TuSimple, a US-Chinese technology start-up that markets the capacity of autonomous long-haul semi-trailers, has raised an additional $ 95 million in a financing cycle that the company estimates is moving to a new status. unicorn with a valuation now reaching $ 1 billion.
The funds will help the society, thanks to a technology designed by Caltech's neuroscientist, Xiaodi Hou, who TuSimpleThe founder, president and technical director, has expanded its fleet of semi-trucks robotized to 50 by June 12, as well as its team of developers, said the company Forbes.
Series D ended in late 2018 under the leadership of Chinese technology company Sina Corp. and included an investment from Hong Kong-based Composite Capital bringing the total TuSimple funding to around $ 180 million.
Headquartered in San Diego and featuring an engineering center and a truck depot in Tucson, Arizona, TuSimple carries income-generating charges since last year. And while stand-alone pbadenger vehicle programs, such as the Alphabet Inc. service launched in Phoenix in December 2018, have attracted the most public attention, the use of technology for trucking and hauling. Autonomous delivery could be faster in terms of marketing. .
"The real economic drivers of self-reliance lie in the automation of trucks," said Chuck Price, director of TuSimple products. And for the moment, "the economic engines of pbadenger cars are somewhat different and diffuse".
Long-haul trucks traveling on motorways do not have to deal with pedestrians, bicycles or environmental complexity as much as vehicles traveling through dense urban areas. There is also a shortage of truck drivers over long distances, exceeding 50,000 in 2017 according to the American Trucking Association, which means there is a short-term demand for technological solutions. TuSimple also has a lot of competition, with rivals including the San Francisco-based company embark and Starsky Robotics, Start Kodiak and Ike, with former members of Google's autonomous driving project, and Waymo, the commercial successor to the Google program.
Along with a dynamic fundraiser, TuSimple has entered into production partnerships with truck builders Peterbilt and Navistar, as well as with powertrain specialist Cummins. And while he builds autonomous driving technology and not the vehicles themselves, he will continue to raise money.
"We will make another increase this year," said Price. "It's an expensive proposition even if we do not build a factory."
TuSimple divides its R & D activities and commercial applications between the two markets in which it operates. In the United States, the focus is only on long haul trucking, while in China, the technology is used for drayage operations, freight transport in ports, said founder Hou. Forbes. Its truck fleet in Arizona is replete with sensors of the same type as those used for autonomous cars, including lidar laser units, radar and high definition digital cameras.
TuSimple's vision system, however, relies primarily on long-range cameras that, he says, allow his robot's pilots to follow the conditions up to 1 kilometer& nbsp; in front, about three times farther than Waymo's long-range lidar units can see. The company says this represents a potentially important benefit to trucking companies because it helps vehicles maintain the best possible speeds, maximize fuel economy and reduce brake and tire wear. . If it is correct, it would mean a reduction in fuel and maintenance costs.
"Autonomous driving is one of the most complex AI systems that men have ever built," Hou said in a statement. "After three years of intense efforts to reach our technical goals, we went beyond simply looking for a serious job to create a business solution. "
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A semi-autonomous truck from TuSimple's test fleet carries cargo through Arizona.TuSimple
TuSimple, a US-Chinese technology start-up engaged in the commercialization of the autonomous driving capacity of long-haul semi-trailers, has just raised an additional $ 95 million, which should be upgraded to a unicorn status. the billion dollars.
The funds will help the company, thanks to a technology designed by Caltech-trained neuroscientist, Xiaodi Hou, also founder, president and technical director of TuSimple, to expand his fleet of semi-truck robotic trucks to 12 by June 12. as well as to his team of developers. , the company said Forbes.
Series D ended in late 2018 under the leadership of Chinese technology company Sina Corp. and included an investment from Hong Kong-based Composite Capital bringing the total TuSimple funding to around $ 180 million.
Headquartered in San Diego and featuring an engineering center and a truck depot in Tucson, Arizona, TuSimple carries income-generating charges since last year. And while stand-alone pbadenger vehicle programs, such as the Alphabet Inc. service launched in Phoenix in December 2018, have attracted the most public attention, the use of technology for trucking and hauling. Autonomous delivery could be faster in terms of marketing. .
"The real economic drivers of self-reliance lie in the automation of trucks," said Chuck Price, director of TuSimple products. And for the moment, "the economic engines of pbadenger cars are somewhat different and diffuse".
Long-haul trucks traveling on motorways do not have to deal with pedestrians, bicycles or environmental complexity as much as vehicles traveling through dense urban areas. There is also a shortage of truck drivers over long distances, exceeding 50,000 in 2017 according to the American Trucking Association, which means there is a short-term demand for technological solutions. TuSimple also has a lot of competition, with rivals including the San Francisco-based company embark and Starsky Robotics, Start Kodiak and Ike, with former members of Google's autonomous driving project, and Waymo, the commercial successor to the Google program.
Along with a dynamic fundraiser, TuSimple has entered into production partnerships with truck builders Peterbilt and Navistar, as well as with powertrain specialist Cummins. And while he builds autonomous driving technology and not the vehicles themselves, he will continue to raise money.
"We will make another increase this year," said Price. "It's an expensive proposition even if we do not build a factory."
TuSimple divides its R & D activities and commercial applications between the two markets in which it operates. In the United States, the focus is only on long haul trucking, while in China, the technology is used for drayage operations, freight transport in ports, said founder Hou. Forbes. Its truck fleet in Arizona is replete with sensors of the same type as those used for autonomous cars, including lidar laser units, radar and high definition digital cameras.
TuSimple's vision system, however, relies primarily on long-range cameras that allow its robot pilots to track conditions up to 1 kilometer in advance, about three times farther than lidars can see. long range of Waymo. The company says this represents a potentially important benefit to trucking companies because it helps vehicles maintain the best possible speeds, maximize fuel economy and reduce brake and tire wear. . If it is correct, it would mean a reduction in fuel and maintenance costs.
"Autonomous driving is one of the most complex AI systems ever built by humans," Hou said in a statement. "After three years of intense efforts to reach our technical goals, we went beyond simply looking for a business solution." . "
