Silicon Valley VC firm Sequoia Capital agrees and just led a $30 million Series B round for the San Francisco-based company, boosting total funding to $47 million for Embark two years after it was founded by Rodrigues and Brandon Moak, its CTO. 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.
Early this year the company completed the first coast-to-coast test run by a self-driving truck, traveling from suburban Los Angeles to Jacksonville, Florida. Embark’s autonomous Peterbilts are also generating revenue hauling loads daily between Ontario and Phoenix for shippers including appliance giant Electrolux.
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