Stack AV recently announced the launch of its autonomous trucking business, which utilizes its self-driving technology to improve efficiency and enhance safety in the trucking industry while also tackling supply chain challenges for its partners and their consumers. And Stack AV is focused on transforming the way businesses transport goods, designing solutions to alleviate long-standing issues that have plagued the trucking industry including driver shortages, lagging efficiency in uptime per vehicle, overarching safety concerns, high operating costs, and elevated emission levels.
In building safe and reliable autonomous trucking solutions, Stack AV can create better and smarter supply chains for its partners, improving business outcomes for its customers, delivering goods to end-users faster, while moving the trucking industry forward.
Stack AV is backed by SoftBank Group – who is supporting the company with capital, resources, and deep expertise in AI to help accelerate the company’s growth and technological developments. While the funding from SoftBank was undisclosed, Bloomberg reported that the investment amount from that firm alone was over $1 billion.
Based in Pittsburgh, Pennsylvania, Stack AV is led by Chief Executive Officer Bryan Salesky, President Peter Rander, and Chief Technology Officer Brett Browning. And with over seven decades of combined experience, Stack AV’s executives are seasoned leaders in the development of autonomy-enabled systems and have deep experience in robotics and AI. Plus, Stack AV has 150 employees across its headquarters and in 15 states with an innovative remote-work/co-working collaboration model, and is growing rapidly.
KEY QUOTES:
“As consumer consumption patterns evolve, businesses increasingly need AI-driven, intelligent, and reliable supply chains. With our proprietary technology and expertise as well as the commitment from our long-term partner in SoftBank, we are confident we will revolutionize the trucking and freight industries by driving improvements in efficiency and safety and alleviating supply chain constraints for our customers, helping them reach their goals and advance their missions.”
– Bryan Salesky, Founder and CEO of Stack AV
“We could not be more thrilled to unveil our autonomous trucking business to the world. As global commerce continues to become increasingly interconnected, now more than ever businesses have a dire need for more reliable and efficient supply chains, especially in the trucking and freight industries. Leveraging our advanced AI-powered autonomous driving systems, we will improve supply chains for our customers and optimize transportation routes and energy efficiency.”
– Peter Rander, President of Stack AV
“The transformative power of AI is undeniable and will have a significant impact on our society. The next decade will be defined by AI, where all social systems will be linked by this technology to solve the most complex societal issues. By applying the strengths of AI-powered technology to the trucking industry, Stack AV will fundamentally change the transportation of goods and supply chains across the globe.”
– Kentaro Matsui, Head of the New Business Office at SoftBank Group and Managing Partner at SoftBank Investment Advisers
