VCs bet on robo-trucks as driverless logistics industry matures

Uber may have discontinued its self-driving truck program, but far from slowing down, that sector of autonomous vehicle tech has continued to attract attention from investors, with TuSimple grabbing headlines this week as a newly minted unicorn.

The business, which has headquarters in both San Diego and Beijing, has picked up a $95 million Series D led by Chinese online media company Sina Corporation, with participation from Composite Capital. This round brings TuSimple’s total VC financing to $178 million from investors including NVIDIA GPU Ventures and Plug and Play Tech Center, and it values the company at a reported $1.1 billion.