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Self-driving truck start-up achieves unicorn status in funding round that values it at $1 billion

May 27, 2019 at 10:20 AM CST

Autonomous trucking company TuSimple has achieved unicorn status on Wall Street with a fresh funding round that values the start-up at $1 billion. The company said Wednesday it raised $95 million in a series D funding led by Sina Corp. and Composite Capital, a Hong Kong-based investment firm, as it prepares to expand its testing of self-driving semis on highways in Arizona, New Mexico and Texas.