PlusAI has raised $720M in total funding, driven largely by its $220M Series C round in March 2021 and a further $200M Series C in February 2021, backed by FountainVest Partners, ClearVue Partners, Quanta Computer, Millennium Technology Value Partners, and Sequoia Capital China. A later undisclosed Series C round in June 2021 included Amazon. Founded in 2016, PlusAI develops autonomous driving systems for commercial trucks, using LiDAR, radar, cameras, mapping, and deep learning to optimize safety and logistics efficiency. Funding has accelerated commercialization and fleet-level deployment in the U.S. and China.