NVIDIA GPU Ventures has joined a group of investors led by Chinese social media company Sina in investing more than $20 million in TuSimple, a Chinese startup developing technology for autonomous long-distance freight delivery.
TuSimple, formed in 2015, uses NVIDIA technology in its autonomous driving solution. In June, the company completed a 200-mile test drive from San Diego to Yuma, Arizona at ‘Level 4’ autonomy (as defined by SAE International), using NVIDIA GPUs and cameras as its primary sensor.
Xiaodi Hou, TuSimple’s chief technology officer, said: “NVIDIA is unrivaled in delivering the computing performance needed for autonomous vehicles.
“By combining NVIDIA technology with our expertise in computer vision and artificial intelligence, we’re building a world-class platform that will disrupt the freight industry. We highly value our strategic partnership with NVIDIA.”
In the past year, NVIDIA has added nine companies to its portfolio of startup investments, including Optimus Ride, a Boston-based MIT spinoff company developing fully autonomous vehicles.