Locomation Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 51

Employees

  • Latest Deal Type
  • M&A

  • Investors
  • 1

Locomation General Information

Description

Developer of autonomous driving technology is designed to ensure safe and affordable trucking transportation. The company's technology employs relay convoying, a human-guided autonomous system in which one truck autonomously follows a lead truck driven by a human, enabling trucking companies to operate efficiently at reduced costs.

Contact Information

Website
www.locomation.ai
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 113 47th Street
  • Pittsburgh, PA 15201
  • United States
Primary Industry
Road
Other Industries
Other Transportation
Electronic Equipment and Instruments
Logistics
Vertical(s)
Mobility Tech, Autonomous cars, Artificial Intelligence & Machine Learning, Supply Chain Tech
Corporate Office
  • 113 47th Street
  • Pittsburgh, PA 15201
  • United States

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Locomation Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 25-Apr-2023 Completed Generating Revenue
7. Early Stage VC 28-Oct-2022 Completed Generating Revenue
6. Early Stage VC 08-Jul-2021 Completed Generating Revenue
5. Early Stage VC (Series 2) 08-Dec-2020 Completed Generating Revenue
4. Seed Round 06-Oct-2020 Completed Generating Revenue
3. Early Stage VC Completed Startup
2. Seed Round 22-Jun-2018 $5.5M $5.5M Completed Startup
1. Accelerator/Incubator 01-Jan-2018 Completed Startup
To view Locomation’s complete valuation and funding history, request access »

Locomation Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Seed 2-A
Seed 2
Seed 2,188,179 $0.000001 8% $2.51 $2.51 1x $2.51 22.06%
To view Locomation’s complete cap table history, request access »

Locomation Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of autonomous driving technology is designed to ensure safe and affordable trucking transportation. The compan
Road
Pittsburgh, PA
51 As of 2023

Mountain View, CA
 

Pittsburgh, PA
 
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Locomation Competitors (5)

One of Locomation’s 5 competitors is Kodiak AI, a Formerly VC-backed company based in Mountain View, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Kodiak AI Formerly VC-backed Mountain View, CA
Aurora Innovation Formerly VC-backed Pittsburgh, PA
Waymo Venture Capital-Backed Mountain View, CA
Self-Driving Trucks in China (FAW Jiefang / Plus.ai) Corporate Backed or Acquired China
CreateAI Holdings Formerly VC-backed San Diego, CA
You’re viewing 5 of 5 competitors. Get the full list »

Locomation Patents

  • 25

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • 4

    Pending

  • Expiring in next 12 mo

Locomation Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
WO-2023172711-A1 Handling faults in autonomous vehicles Inactive 10-Mar-2022
WO-2023133185-A1 Multi-factor transition into or out of autonomy Inactive 07-Jan-2022
WO-2023114096-A1 Platoon behaviors that influence drivers of other vehicles Inactive 13-Dec-2021
WO-2022221361-A1 Freight optimization Inactive 14-Apr-2021
WO-2022221353-A1 Segmented relay transportation network Inactive 14-Apr-2021 G06Q10/083
To view Locomation’s complete patent history, request access »

Locomation Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Locomation Former Investors (29)

Investor Name Investor Type Holding Investor Since Participating Rounds
10X Capital Venture Capital Minority
13Capital PE/Buyout Minority
99 Tartans Angel Group Minority
AV8 Ventures Venture Capital Minority
Batshit Crazy Ventures Venture Capital Minority
You’re viewing 5 of 29 investors. Get the full list »

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Locomation FAQs

  • When was Locomation founded?

    Locomation was founded in 2018.

  • Where is Locomation headquartered?

    Locomation is headquartered in Pittsburgh, PA.

  • What is the size of Locomation?

    Locomation has 51 total employees.

  • What industry is Locomation in?

    Locomation’s primary industry is Road.

  • Is Locomation a private or public company?

    Locomation is a Private company.

  • What is Locomation’s current revenue?

    The current revenue for Locomation is .

  • How much funding has Locomation raised over time?

    Locomation has raised $105M.

  • Who are Locomation’s investors?

    10X Capital, 13Capital, 99 Tartans, AV8 Ventures, and Batshit Crazy Ventures are 5 of 29 investors who have invested in Locomation.

  • Who are Locomation’s competitors?

    Kodiak AI, Aurora Innovation, Waymo, Self-Driving Trucks in China (FAW Jiefang / Plus.ai), and CreateAI Holdings are competitors of Locomation.

  • When was Locomation acquired?

    Locomation was acquired on 25-Apr-2023.

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