Tech Company Financing Transactions
Embark Trucks Funding Round
On 7/20/2018, Embark Trucks landed $30 million in Series B funding from Sequoia Capital and private investors.
Transaction Overview
Company Name
Announced On
7/20/2018
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series B
Investors
Sequoia Capital (Lead Investor) (Pat Grady)
Proceeds Purpose
The funds will help Embark's fleet expand to 100 trucks from five, load them up with Velodyne lidar sensors, cameras, radar and computing system and compete for software talent.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
424 Townsend
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
Email Address
Overview
We are developing self-driving semi trucks. We believe that commercial trucking, the backbone of our economy, stands to reap untold benefits by deploying autonomous trucks, particularly during the long haul stretches. Roads will be safer. Goods will be cheaper.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alex Rodrigues
Chief Operating Officer
Michael Reid
Chief Technical Officer
Brandon Moak
Browse more venture capital transactions:
Prev: 7/20/2018: OnShift venture capital transaction
Next: 7/20/2018: Giant Oak venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to document funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs