Autonomous trucking company Gatik has raised a whopping $200 million in Series D funding, fueling its plans to expand its driverless freight 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, among others.
The funding will enable Gatik to accelerate the development of its AI-powered autonomous freight technology, further expanding its capabilities in cutting-edge logistics solutions. With a substantial increase in capital, Gatik aims to improve efficiency and reduce costs in its operations, thereby enhancing its competitiveness in the market.
Gatik's CEO noted that the investment marks a significant milestone for the company's ambitious plans to transform the trucking industry with autonomous technology. The funding is expected to support Gatik's rapid growth trajectory, enabling it to scale its business and deliver more innovative solutions to customers across North America.