Plus Automation
Definitive (DA signed)Information Technology · autonomous trucking AI software
- What it is
- A private company in information technology preparing to list via a SPAC merger. Full profile in progress.
- What it’s doing now
- Merging with Texas Ventures Acquisition III Corp (TVA) — definitive (da signed), announced Sep 3, 2026.
- What you should know
- Data is still being assembled for this company — what is shown below is everything we have verified so far.
What the company says about itself
Web research — not auditedPlusAI develops AI-based autonomous driving software for heavy-duty trucks. Its flagship product, SuperDrive™, is a Level 4 autonomous driving system deployed through factory-built trucks in partnership with major global OEMs. The company also offers HyperFoundry™, a development platform for physical AI that provides data, models, and simulation tools. PlusAI leverages large AI models and Generative AI in its AV2.0 architecture and operates in the US, Europe, Japan, and Australia.
- Markets:
- Autonomous Driving | Transportation | Trucking | Artificial Intelligence
- Products:
- SuperDrive™ | HyperFoundry™
- Customers:
- TRATON GROUP | Scania | MAN | International | Hyundai Motor Company | IVECO | Ryder System | DSV
[WEB-INTEL 2026-09-03] 7 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Plus Automation plans to go public by merging with special purpose acquisition company Churchill Capital Corp IX at a $1.2 billion pre-money" [https://www.truckingdive.com/news/plus-automation-public-offering-spac/750209/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Plus valued at $1.2 billion pre-money equity value" [https://www.prnewswire.com/news-releases/plus-an-ai-based-virtual-driver-software-company-powering-factory-built-autonomous-trucks-to-go-public-via-merger-with-churchill-capital-corp-ix-302474091.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Plus Automation and Churchill Capital Corp. IX Announce $1.2 Billion deSPAC Merger" [https://www.ropesgray.com/en/news-and-events/news/2025/06/plus-automation-and-churchill-capital-corp-ix-announce-despac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "TVA plans to merge with Plus Automation at an $800 million valuation" [https://www.stocktitan.net/sec-filings/TVA/425-texas-ventures-acquisition-iii-corp-business-combination-communic-1e92cced3ac9.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction values Santa Clara, California-based PlusAI at $800 million on an equity basis before the merger with the SPAC, Texas Ventures" [https://www.bloomberg.com/news/articles/2026-09-02/self-driving-firm-plusai-to-go-public-via-yorkville-spac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Merger agreement values PlusAI at $800M, with up to 70M earnout shares and $63.9M notes; closing requires at least $40M cash at closing." [https://www.stocktitan.net/sec-filings/TVA/8-k-texas-ventures-acquisition-iii-corp-reports-material-event-789ae0d4b47b.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "On September 2, 2026, Texas Ventures Acquisition III Corp signed a definitive merger agreement with Plus Automation, Inc. to take the ..." [https://www.tipranks.com/news/company-announcements/texas-ventures-iii-to-merge-with-plusai-autonomous-trucking] [WEB-INTEL 2026-09-03] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "TVA plans to merge with Plus Automation at an $800 million valuation, supported by new convertible note, PIPE and forward purchase financings." [https://www.stocktitan.net/sec-filings/TVA/425-texas-ventures-acquisition-iii-corp-business-combination-communic-1e92cced3ac9.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction values Santa Clara, California-based PlusAI at $800 million on an equity basis before the merger with the SPAC, Texas Ventures ..." [https://www.bloomberg.com/news/articles/2026-09-02/self-driving-firm-plusai-to-go-public-via-yorkville-spac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Plus Automation and Churchill Capital Corp. IX Announce $1.2 Billion deSPAC Merger." [https://www.ropesgray.com/en/news-and-events/news/2025/06/plus-automation-and-churchill-capital-corp-ix-announce-despac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The virtual driver software firm expects to get up to $300 million by merging with Churchill Capital Corp IX later this year." [https://www.truckingdive.com/news/plus-automation-public-offering-spac/750209/] [WEB-INTEL 2026-09-03] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "TVA plans to merge with Plus Automation at an $800 million valuation" [https://www.stocktitan.net/sec-filings/TVA/425-texas-ventures-acquisition-iii-corp-business-combination-communic-1e92cced3ac9.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction values Santa Clara, California-based PlusAI at $800 million on an equity basis before the merger with the SPAC, Texas Ventures" [https://www.bloomberg.com/news/articles/2026-09-02/self-driving-firm-plusai-to-go-public-via-yorkville-spac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Plus Automation and Churchill Capital Corp. IX Announce $1.2 Billion deSPAC Merger" [https://www.ropesgray.com/en/news-and-events/news/2025/06/plus-automation-and-churchill-capital-corp-ix-announce-despac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The virtual driver software firm expects to get up to $300 million by merging with Churchill Capital Corp IX later this year" [https://www.truckingdive.com/news/plus-automation-public-offering-spac/750209/] [WEB-INTEL 2026-09-03] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "TVA plans to merge with Plus Automation at an $800 million valuation, supported by new convertible note, PIPE and forward purchase financings." [https://www.stocktitan.net/sec-filings/TVA/425-texas-ventures-acquisition-iii-corp-business-combination-communic-1e92cced3ac9.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction values Santa Clara, California-based PlusAI at $800 million on an equity basis before the merger with the SPAC, Texas Ventures ..." [https://www.bloomberg.com/news/articles/2026-09-02/self-driving-firm-plusai-to-go-public-via-yorkville-spac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Plus Automation and Churchill Capital Corp. IX Announce $1.2 Billion deSPAC Merger." [https://www.ropesgray.com/en/news-and-events/news/2025/06/plus-automation-and-churchill-capital-corp-ix-announce-despac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The virtual driver software firm expects to get up to $300 million by merging with Churchill Capital Corp IX later this year." [https://www.truckingdive.com/news/plus-automation-public-offering-spac/750209/] [WEB-INTEL 2026-09-03] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "TVA plans to merge with Plus Automation at an $800 million valuation, supported by new convertible note, PIPE and forward purchase financings." [https://www.stocktitan.net/sec-filings/TVA/425-texas-ventures-acquisition-iii-corp-business-combination-communic-1e92cced3ac9.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction values Santa Clara, California-based PlusAI at $800 million on an equity basis before the merger with the SPAC, Texas Ventures ..." [https://www.bloomberg.com/news/articles/2026-09-02/self-driving-firm-plusai-to-go-public-via-yorkville-spac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Plus Automation and Churchill Capital Corp. IX Announce $1.2 Billion deSPAC Merger." [https://www.ropesgray.com/en/news-and-events/news/2025/06/plus-automation-and-churchill-capital-corp-ix-announce-despac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The virtual driver software firm expects to ge [WEB-INTEL 2026-09-04] 5 finding(s) · revenue (web claim — NOT STORED) — FILING: no revenue figure on our filed record · WEB: Transaction values PlusAI at approximately $800 million pre-money equity value, bringing up to $300 million in capital to support its commercialization roadmap. [https://www.plus.ai/] — filing stands; recorded, not resolved. · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "TVA plans to merge with Plus Automation at an $800 million valuation" [https://www.stocktitan.net/sec-filings/TVA/425-texas-ventures-acquisition-iii-corp-business-combination-communic-1e92cced3ac9.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction values Santa Clara, California-based PlusAI at $800 million on an equity basis before the merger with the SPAC, Texas Ventures" [https://www.bloomberg.com/news/articles/2026-09-02/self-driving-firm-plusai-to-go-public-via-yorkville-spac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Plus Automation and Churchill Capital Corp. IX Announce $1.2 Billion deSPAC Merger" [https://www.ropesgray.com/en/news-and-events/news/2025/06/plus-automation-and-churchill-capital-corp-ix-announce-despac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The virtual driver software firm expects to get up to $300 million by merging with Churchill Capital Corp IX later this year" [https://www.truckingdive.com/news/plus-automation-public-offering-spac/750209/]
Source: https://www.plus.ai/ · captured Sep 4, 2026 · marketing claims are reported as claims, never merged into the filed figures above.
The deal it’s entering
Plus Automation is merging with Texas Ventures Acquisition III Corp (TVA), a $225M SPAC currently marked Deal announced and trading at $10.55 against $10.51 in trust per share.
| Headline equity value | $800M |
How to read these numbers: headline vs effective valuation · what a definitive agreement commits
What exactly is being valued, and at what
Was this deal done at an expensive or a cheap valuation?
SpacBrain’s read on the price
No multiple can be computed
We hold no revenue figure in US dollars for Plus Automation, Inc., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales. The deal values it at $800M regardless.
We have not extracted a revenue figure for this company from its filings yet. That is our gap, not a statement about the business.
Announced equity value (net debt unknown).
Not extracted from the filings yet.
Not computable — no revenue figure has been extracted from the filings yet.
No listed comparable carries a revenue multiple we can use.
What qualifies the figures above
- The target's cash and debt are not in the filings we have, so this is an equity value used as a stand-in for enterprise value.
Common questions
Is Plus Automation going public?
Plus Automation has a signed merger with the SPAC Texas Ventures Acquisition III Corp (TVA), announced Sep 3, 2026. Deal status: Definitive (DA signed).
What is Plus Automation's SPAC deal valuation?
The announced headline equity value is $800M.
Was Plus Automation bought at an expensive or a cheap valuation?
We hold no revenue figure in US dollars for Plus Automation, Inc., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales. The deal values it at $800M regardless.
Does Plus Automation have revenue?
The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.
Educational content, not investment advice.
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