Texas Ventures Acquisition III Corp entered into a definitive Agreement and Plan of Merger with Plus Automation, Inc., valuing the target at an $800 million pre-money equity value. The transaction involves a two-step merger resulting in the combined entity operating as PlusAI Holdings, Inc., incorporated in Delaware. Concurrently, TVA secured approximately $63.9 million in Convertible Notes and a $4.0 million PIPE investment to support the business combination. PlusAI develops AI-based virtual driver software for autonomous trucks, generating $25 million in revenue through its HyperFoundry platform with a targeted 2027 commercial launch of factory-built autonomous trucks.