Autonomous trucking company Gatik has raised a whopping $200 million in Series D funding, fueling its expansion into driverless freight operations across North America. The round was led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Millennium Management, ARK Invest, Intact Private Capital, and other investors.
Gatik's funding push is part of a larger movement to revolutionize global trade through artificial intelligence. By leveraging cutting-edge AI technology, Gatik aims to significantly reduce transportation costs and increase efficiency in the freight industry. The company claims that its autonomous trucking operations can reach up to 90% less than traditional vehicles.
The $600 million in new investment brings Gatik's total funding to over $1 billion since its founding. With this influx of capital, Gatik plans to accelerate its expansion into new markets and build out its driverless freight fleet. The company has already established partnerships with major logistics companies and is set to launch its services in the near future.