TuSimple plans to hire 400 with proceeds from $1.1B public offering

Autonomous trucking software startup TuSimple Holdings Inc. (NASDAQ: TSP) plans to hire 400 new employees — a 50% increase — in the next six months with proceeds from its $1.1 billion initial public offering.

“Getting the best and finest talent is our top priority,” Jim Mullen, TuSimple chief administrative and legal officer, told FreightWaves on Thursday. “So, a good chunk of that cash will go toward human resources and increasing our team.”

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