About TuSimple
TuSimple is a publicly listed company based in San Diego (United States) founded in 2015 by Xiaodi Hou. Self-driving truck solutions are developed using AI technology. It operates in the Transportation, Automotive & Logistics and Technology sectors. TuSimple has raised $648 million across 12 funding rounds from investors including Kroger, Goodyear and Sina. The company has 220 employees. TuSimple was last valued at $8.5 billion in January 2021. Its focus areas include Auto Tech, Autonomous Vehicles, Self Driving Technology and Trucks. Its competitors include PlusAI, Gatik and Kodiak Robotics; 3 of its 3 listed competitors have raised funding.
Company details
TuSimple was founded in 2015 in San Diego, United States, as a provider of autonomous driving solutions for the logistics sector. Level 4 fully-autonomous truck technology is developed, incorporating full-stack autonomy features such as perception, localization, planning, HD maps, and controls. High-speed long-distance sensing is utilized alongside existing LiDARs, radars, and HD cameras. A proprietary monitoring system, TU simple connect, is offered for real-time truck oversight.
- Headquarters San Diego, United States
- Employees 220
- Founders Xiaodi Hou
- Stage Public
- SectorsTransportation, Automotive & LogisticsTechnology
- Email••••••••
- Website tusimple.com
- Social LinkedIn X
- Annual Revenue$9.37 M (USD)50as on Dec 31, 2022
- Net Profit-$472.05 M (USD)as on Dec 31, 2022
- EBITDA-$489.06 M (USD)as on Dec 31, 2022
- Total Equity Funding$648M (USD)
in 12 rounds
- Latest Funding Round$15M (USD), Post-IPO
Aug 2022
- InvestorsKroger
& 23 more
- Employee Count220
Funding Insights of TuSimple
TuSimple has successfully raised a total of $648M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $15 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $648M
- Total Rounds 12
- Last Round Post-IPO — $15M
- Investors Count 24
Latest 10 of 12 funding rounds of TuSimple with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2022 | $15M | Post-IPO | – | – | |
| Feb 2021 | Series E | – | Goodyear Ventures | – | |
| Jan 2021 | Series E | – | Werner Enterprises, US Xpress | – | |
| Nov 2020 | $350M | Series E | – | VectoIQ | |
| Sep 2020 | Series D | – | TRATON | – | |
| Jul 2020 | Series D | – | Navistar | – | |
| Sep 2019 | $120M | Series D | – | Sina | |
| Aug 2019 | Series D | – | United Parcel Service | – | |
| Feb 2019 | $95M | Series D | – | Sina | |
| Nov 2017 | $55M | Series C | – | Sina | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of TuSimple
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
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Last known valuation $8.5B (Jan 2021). 24 investors in total: 24 institutional.
Investors in TuSimple
TuSimple has secured backing from 24 investors, including institutional and venture fund investors. Prominent investors backing the company include Kroger, Goodyear and Sina.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed by Goodyear Ventures into mobility technology sectors. | goodyearventures.com | San Francisco, United States | ||
Private equity and private debt firm focused on multiple sectors | cdhfund.com | Kowloon, China | ||
Private equity firm focused on consumer goods, retail, transportation, and technology companies | Hong Kong, China | |||
AI and data science startups are accelerated through specialized support. | nvidia.com/en-us/deep-learning-ai/startups | Santa Clara, United States | ||
Venture capital firm focused on technology sectors | gft.vc | Palo Alto, United States | ||
Venture and private equity firm | jeneration.com | Palo Alto, United States | ||
Tech investments are made stage-agnostically in China and the US. | sky9capital.com | Shanghai, China | ||
Investments in multiple sectors are managed by Cambium Grove Capital. | cambiumgrove.com | Hong Kong, China | ||
Investment management services are offered by Rubric Capital. | rubriccapital.com | New York, United States | ||
Truck transportation services are provided nationwide by the company. | 1956 | werner.com | Omaha, United States |
Investor details for TuSimple
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of TuSimple
50 people are tracked at TuSimple (8 in leadership, 12 in board & advisors, 30 in team); the tracked headcount is 220.
| Name | Role | Group |
|---|---|---|
David Liu | Investor | Leadership |
Xiaodi Hou | Founder | Leadership |
Cheng Lu | President & CEO | Leadership |
Han-Fang Lei | Head Of Intellectual Property | Leadership |
Shannon Dipietro | SVP & Chief Human Resources Officer | Leadership |
Zhendong Yu | Sr Director, Engineering | Leadership |
Jianan Hao | COO | Leadership |
Kristina Lee | Executive Assistant To Chief Executive Officer | Leadership |
Mo Chen | Executive Chairman | Board & advisors |
Nicole Nason | Advisor | Board & advisors |
Jim Kolbe | Advisor | Board & advisors |
Derek Leathers | Advisor | Board & advisors |
James Lu | Director | Board & advisors |
Jeffrey John Denham | Advisor | Board & advisors |
Steve Girsky | Advisor | Board & advisors |
Mark Rourke | Advisor | Board & advisors |
Eric Fuller | Advisor | Board & advisors |
Richard Kramer | Advisor | Board & advisors |
Michael Mosier | Director | Board & advisors |
Wendy Hayes | Director | Board & advisors |
30 more people are available in the full profile.
Complete people profiles for TuSimple
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of TuSimple
5 dated milestones of TuSimple across 7 years, from founding to its latest funding, stage changes and deals.
- Founded TuSimple is founded.
- Funding First funding round.
- Milestone Reaches Unicorn status.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $15.0M.
Competitors of TuSimple
TuSimple has 3 listed competitors in our database, 3 of them funded. They include PlusAI, Gatik and Kodiak Robotics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plus.ai | 2016 | San Francisco, United States | $720M | 146 | Self-driving technology for commercial trucks is developed by PlusAI. | |
| gatik.ai | 2011 | San Francisco, United States | $151.6M | AI-enabled platform offering self-driving delivery trucks and delivery management system | ||
| kodiak.ai | 2018 | Palo Alto, United States | $165M | Autonomous trucks are developed for long-haul freight transport. |
Detailed competitors of TuSimple
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of TuSimple
Websites that share an audience with TuSimple (tusimple.com).
Websites whose visitors overlap most with TuSimple. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| leiphone.com | 100% | 155K | #277,804 | View details |
Top companies in Autonomous Vehicles
3 companies that operate in the same segment as TuSimple (Autonomous Vehicles) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Self-driving vehicle solutions are developed and deployed for transportation. | 2009 | Mountain View, California, United States | USD 27.1 B | |||
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 |
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Related news about Tusimple
Complete news archive for TuSimple
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Frequently Asked Questions about TuSimple
TuSimple was founded in 2015.
TuSimple is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
TuSimple is a funded company, having raised a total of $648M across 12 funding rounds to date. The company's 1st funding round was a Series C of $55M, raised on Jan 2015.
TuSimple has 220 employees.
Annual revenue of TuSimple is $9.37M as on Dec 31, 2022.
TuSimple was founded in 2015 in San Diego, United States, as a provider of autonomous driving solutions for the logistics sector. Level 4 fully-autonomous truck technology is developed, incorporating full-stack autonomy features such as perception, localization, planning, HD maps, and controls. High-speed long-distance sensing is utilized alongside existing LiDARs, radars, and HD cameras. A proprietary monitoring system, TU simple connect, is offered for real-time truck oversight.
TuSimple's top competitors include PlusAI, Gatik and Kodiak Robotics.
TuSimple has 24 investors. Key investors include Kroger, Goodyear, Sina, US Xpress, and United Parcel Service.
The valuation of TuSimple is $8.5B as of Jan 2021.