Gatik, an autonomous trucking company, has secured $200 million in funding from a consortium of investors. The deal was led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Millennium Management, ARK Invest, Intact Private Capital, among others.
The investment brings Gatik's total funding to over $600 million. With this new influx of capital, the company aims to scale its AI-powered autonomous freight operations across North America. The funding will be used to enhance the technology behind Gatik's driverless trucks and fleets.
Gatik has made significant strides in developing its autonomous trucking capabilities through a combination of artificial intelligence and machine learning. By leveraging this technology, the company is able to optimize routes, reduce emissions, and increase efficiency. With its expanded funding, Gatik plans to continue pushing the boundaries of autonomous transportation and revolutionizing the logistics industry.