PlusAI Inc., which has developed AI-based virtual driver software for autonomous trucks, is going public via a merger with Texas Ventures Acquisition III Corp., a special-purpose acquisition company or SPAC.
“This transaction validates a year of significant execution and operational milestones for PlusAI,” stated David Liu, co‑founder and CEO of PlusAI. “We are operating autonomous freight routes in Texas today, expanding our OEM partnerships, and successfully monetizing the proprietary data, models, and simulation capabilities we have built over the past decade.”
Founded in 2016, Plus Automation Inc. said its SuperDrive and HyperFoundry systems accelerate the scalable development and deployment of autonomous vehicles.
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