PlusAI Inc., which has developed AI-based virtual driver software for autonomous trucks, is going public via a merger with Texas Ventures Acquisition III Corp., a special-purpose acquisition company or SPAC. “This transaction validates a year of significant execution and operational milestones for PlusAI,” stated David Liu, co‑founder and CEO of PlusAI. “We are operating autonomous freight routes in Texas today, expanding our OEM partnerships, and successfully monetizing the proprietary data, models, and simulation capabilities we have built over the past decade.” Founded in 2016, Plus Automation Inc. said its SuperDrive and HyperFoundry systems accelerate the scalable development and deployment of autonomous vehicles. The Santa Clara, Calif.-based company said it is working with global vehicle makers and ecosystem partners including Scania, NVIDIA, Bosch, DSV, and Goodyear. Fast Company named PlusAI as one of the “world’s most innovative companies.” “HyperFoundry is generating revenue today, while SuperDrive advances toward commercial launch in 2027,” added Liu. “We believe this combination of near-term revenue, a capital-efficient software business model, and a clear path to large-scale autonomous trucking deployment uniquely positions PlusAI for long-term growth.” PlusAI operates freight routes on the way to commercialization “Autonomous trucking addresses driver shortages, rising labor costs, and increasing freight demand while improving utilization and fleet profitability,” said PlusAI. It is already operating autonomous freight routes with Ryder and International Motors in Texas, obtaining real-world validation and operational data. The company is also working with with global truck manufacturers, including TRATON, Hyundai Motor Co., and IVECO, to advance its commercial launch of trucks integrated with SuperDrive, which it updated in March. The factory-built self-driving trucks will be available through existing manufacturing, sales, and service channels. PlusAI said it operates as a software-first company with an AI-native operating model and disciplined expense structure. The company has generated $25 million of revenue through