Headquartered in Pittsburgh, Stack AV has 150 employees across its headquarters and in 15 states. The company's technology and approach to safe systems design and testing aim to maximize trucks’ uptime, optimize existing infrastructure, and improve roadway safety. The amount SoftBank has invested in the company has not been disclosed, but it is believed to be more than $1 billion. SoftBank is also providing resources and expertise in AI to help accelerate Stack AV’s growth and technological developments.
Key takeaways:
- The founders of Argo AI LLC have launched a new autonomous truck business called Stack AV Co., backed by SoftBank Group Corp.
- Stack AV aims to revolutionize the way businesses transport goods by addressing issues such as driver shortages, efficiency, safety concerns, high operating costs, and elevated emission levels.
- The company is building autonomous trucking solutions with a focus on creating better and smarter supply chains, improving business outcomes, delivering goods faster, and moving the trucking industry forward.
- Stack AV is headquartered in Pittsburgh and already has 150 employees across its headquarters and in 15 states. The amount SoftBank has invested in the company has not been disclosed, but it's believed to be more than $1 billion.