PlusAI adds $220M extension to its February financing
PlusAI raised an additional $220 million in an extension of its February $200 million financing.
Evidence notes
- The $220 million was incremental capital, extending the February $200 million financing to $420 million in total.
- FountainVest Partners and ClearVue Partners led the extension; Quanta Computer, Millennium Technology Value Partners, Sequoia Capital, SAIC Motor and Full Truck Alliance also participated.
- PlusAI did not disclose a valuation for the financing.
Company context
PlusAI develops Level 4 autonomous-driving software and physical-AI development infrastructure for commercial trucks.