TuSimple adds another $120 million to its self-driving trucks war chest

Self-driving truck startup TuSimple has added another $120 million to a Series D funding round led by Sina, operator of China’s biggest microblogging site Weibo, bringing the total haul to $215 million as it seeks to expand. The company, which launched in 2015 and has operations in China, San Diego and Tucson, Ariz., hit unicorn status in February when it raised $95 million in the Series D round with a post-money valuation of $1.095 billion. This additional funding includes investment from UPS, which announced in August that it had taken a minority stake in TuSimple just months after the two companies began testing the use of autonomous trucks in Arizona.