About TuSimple
TuSimple is a company based in San Diego (United States) founded in 2015.. TuSimple has raised $640 million across 12 funding rounds from investors including Kroger, Goodyear and Sina. The company has 1,058 employees as of June 30, 2023. TuSimple operates in a competitive market with competitors including PlusAI, Gatik, Kodiak Robotics, Waabi and Einride, among others.
- Headquarter San Diego, United States
- Employees 1058 as on 30 Jun, 2023
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$9.37 M50as on Dec 31, 2022
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Net Profit
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EBITDA
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Total Equity Funding
$640 M (USD)
in 12 rounds
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Latest Funding Round
$15 M (USD), Post-IPO
Aug 01, 2022
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Investors
Kroger
& 18 more
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Employee Count
1058
as on Jun 30, 2023
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Funding Insights of TuSimple
TuSimple has successfully raised a total of $640M 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 Total Funding
- Total Rounds 12
- Last Round Post-IPO — $15.0M
- First Round First Round
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Post-IPO - TuSimple | Valuation |
investors |
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| Feb, 2021 | Amount | Series E - TuSimple | Valuation | Goodyear Ventures |
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| Jan, 2021 | Amount | Series E - TuSimple | Valuation | Werner Enterprises , US Xpress |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TuSimple
TuSimple has secured backing from 19 investors, including institutional and venture fund investors. Prominent investors backing the company include Kroger, Goodyear and Sina. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are directed by Goodyear Ventures into mobility technology sectors.
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Founded Year | Domain | Location | |
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Private equity and private debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity firm focused on consumer goods, retail, transportation, and technology companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TuSimple
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TuSimple
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tusimple Comparisons
Competitors of TuSimple
TuSimple operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PlusAI, Gatik, Kodiak Robotics, Waabi and Einride, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Self-driving technology for commercial trucks is developed by PlusAI.
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| domain | founded_year | HQ Location |
AI-enabled platform offering self-driving delivery trucks and delivery management system
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| domain | founded_year | HQ Location |
Autonomous trucks are developed for long-haul freight transport.
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| domain | founded_year | HQ Location |
Autonomous driving solutions for trucks are developed by Waabi.
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| domain | founded_year | HQ Location |
Autonomous electric trucks are manufactured for freight and emissions management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tusimple
Frequently Asked Questions about TuSimple
When was TuSimple founded?
TuSimple was founded in 2015.
Where is TuSimple located?
TuSimple is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is TuSimple a funded company?
TuSimple is a funded company, having raised a total of $640M across 12 funding rounds to date.
How many employees does TuSimple have?
As of Jun 30, 2023, the latest employee count at TuSimple is 1,058.
What is the annual revenue of TuSimple?
Annual revenue of TuSimple is $9.37M as on Dec 31, 2022.
What does TuSimple do?
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.
Who are the top competitors of TuSimple?
Who are TuSimple's investors?
TuSimple has 19 investors. Key investors include Kroger, Goodyear, Sina, US Xpress, and United Parcel Service.
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