PlusAI agrees to go public via merger with Texas Ventures Acquisition III in deal valuing it at USD 800 million
TVA•Revenue and launch targets
PlusAI reported USD 25 million of revenue from HyperFoundry, targeting USD 40-50 million of contracted revenue in 2026.
Closing is expected in 2026; PlusAI targets a 2027 commercial launch of factory-built autonomous trucks integrated with SuperDrive.
PlusAI to merge with Texas Ventures Acquisition III
PlusAI agreed to combine with Texas Ventures Acquisition III, setting up a public listing under the PlusAI name.
The deal values PlusAI at USD 800 million pre-money.
Up to about USD 300 million of capital support includes more than USD 60 million of fully committed financing and a roughly USD 236 million trust.
