Gatik, an autonomous trucking company, has raised $200 million in Series D funding to expand its operations across North America. The investment was led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Millennium Management, ARK Invest, Intact Private Capital, and other investors.
The company's move comes as it continues to push the boundaries of autonomous freight logistics. Gatik has already demonstrated its capabilities through testing in various regions. With this funding round, the company is expected to scale up its operations further, potentially reaching millions of vehicles on the road.
Gatik's technology uses artificial intelligence to enable the trucks to navigate complex routes and avoid obstacles, making them safer and more efficient. The investment will be used to accelerate the development of Gatik's autonomous freight logistics platform, which aims to revolutionize the way goods are transported across North America.