PlusAI
PlusAI develops SuperDrive, a Level 4 autonomous driving system that truck makers integrate at the factory. It also sells HyperFoundry, which monetizes its physical-AI data, models and simulation. Partners include TRATON (Scania, MAN, International), Hyundai, Iveco, NVIDIA and Bosch. It runs autonomous freight routes in Texas with Ryder and International. The long-term model is recurring 'Driver-as-a-Service' fees, with commercial launch targeted for 2027. In 2026 it reported $25M of year-to-date revenue and a $40–50M contracted revenue target for the year. TRATON committed up to $25M of R&D funding in January 2026. A Churchill Capital IX SPAC deal ($1.2B valuation) was terminated in April 2026. In September 2026 it agreed a new SPAC merger with Texas Ventures Acquisition III at about $800M pre-money. Tracxn reports roughly $720M raised in total.