Autonomous trucking software developer PlusAI has agreed to go public through a merger with Texas Ventures Acquisition III Corp., valuing the company at about $800 million in pre-money equity value. The transaction could provide roughly $300 million in capital, including more than $60 million in committed financing and about $236 million in the SPAC's trust account. PlusAI, based in Santa Clara, California, develops SuperDrive, a Level 4 autonomous driving system for commercial trucks, and is targeting a 2027 commercial launch. Its HyperFoundry software platform has generated $25 million in revenue, while the company is targeting $40 million to $50 million in contracted revenue in 2026. PlusAI is operating autonomous freight routes in Texas with Ryder and International and is working with global truck makers on factory-built self-driving trucks.