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Embark - About the company

Embark is an acquired company based in San Francisco (United States), founded in 2016 by Brandon Moak. It operates as a Developing software for self-driving commercial trucks for the long haul stretches. Embark has raised $115M in funding from investors like Sequoia Capital, Tiger Global Management and DCVC, with last known valuation of $*****. The company has 38 active competitors, including 25 funded and 6 that have exited. Its top competitors include companies like Aurora, Einride and TuSimple.

Company Details

Developing software for self-driving commercial trucks for the long haul stretches. The company claims to be developing the software that will serve as the truck’s central cortex, the intelligence that will drive the autonomous trucking sector. The company is testing a level 2 autopilot system. Its team is made up of robotics specialists with deep expertise in artificial intelligence, machine learning, and real-world deployment of advanced technology.
Social
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Email ID
*****@embarktrucks.com, *****@embarktrucks.com
Registered Address
San Francisco, California
Key Metrics
Founded Year
2016
Location
San Francisco, United States
Stage
Acquired
Total Funding
$115M in 5 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jul 18, 2017
Ranked
Employee Count
316 as on Dec 31, 2022
Similar Companies
Exit Details
Acquired by Applied Intuition (May 25, 2023)

Embark's acquisition details

Embark got acquired by Applied Intuition on May 25, 2023 at an acquisition amount of $*****.
Click here to take a look at Embark's acquisition in detail
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Embark's funding and investors

Embark has raised a total funding of $115M over 5 rounds. Its latest funding round was a Series C round on Sep 25, 2019 for $*****. 8 investors participated in its latest round. Embark has 19 institutional investors.

Here is the list of recent funding rounds of Embark:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 25, 2019
8792733
Series C
2524377
5760264
2765972
5220124
Jul 19, 2018
7195777
Series B
9685407
9384749
6254919
Jul 18, 2017
4831709
Series A
8966269
7300192
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Embark's founders and board of directors

Founder? Claim Profile
The founders of Embark is Brandon Moak.
Here are the details of Embark's key team members:

Embark's employee count trend

Embark has 316 employees as of Dec 22. The total employee count is 27.0% more than what it was in Dec 21. Here is Embark's employee count trend over the years:
Employee count trend for Embark
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Embark's Competitors and alternates

Top competitors of Embark include Aurora, Einride and TuSimple. Here is the list of Top 10 competitors of Embark, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Aurora
Aurora
2017, Mountain View (United States), Public
Developer of self-driving technology for integration into freight operations
$693M
78/100
2nd
Logo for Einride
Einride
2016, Stockholm (Sweden), Series E
Developer of autonomous electric trucks and freight management software systems
$865M
73/100
3rd
Logo for TuSimple
TuSimple
2015, San Diego (United States), Public
AI-powered provider of self-driving solutions for trucks
$648M
69/100
4th
Logo for Gatik
Gatik
2017, United States, Series B
Operator of autonomous trucking solutions for middle-mile logistics operations
$152M
69/100
5th
Logo for PlusAI
PlusAI
2016, Santa Clara (United States), Series C
Developer of autonomous driving technology for integration into factory-built trucks
$720M
69/100
6th
Logo for Oxa
Oxa
2014, Oxford (United Kingdom), Series D
Developer of autonomous software and hardware for industrial vehicle fleets
$349M
69/100
7th
Logo for Kodiak Robotics
Kodiak Robotics
2018, Palo Alto (United States), Public
Developer of AI-powered ground autonomy solutions for trucking, defense, industrial
$165M
65/100
8th
Logo for Waabi
Waabi
2021, Toronto (Canada), Series C
Developer of physical artificial intelligence platform for autonomous trucks and robotaxis
$1.03B
64/100
9th
Logo for Torc Robotics
Torc Robotics
2005, Blacksburg (United States), Acquired
Developer of autonomous driving technology for the freight transportation industry
-
-
61/100
10th
Provider of self-driving technology for commercial vehicles
$121M
60/100
15th
Logo for Embark
Embark
2016, San Francisco (United States), Acquired
Developing software for self-driving commercial trucks for the long haul stretches
$115M
58/100
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Embark's Investments and acquisitions

Embark has made no investments or acquisitions yet.

News related to Embark

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