Kodiak Robotics Raises $125 Million Series B

Kodiak Robotics announced today that it has raised $125 million in an oversubscribed Series B fundraising round for a total of $165 million raised to date.

MOUNTAIN VIEW &&num;8212&semi; Kodiak Robotics, Inc&period;, a self-driving trucking company, has raised &dollar;125 million in an oversubscribed Series B fundraising round for a total of &dollar;165 million raised to date&period; The round includes investments from SIP Global Partners, Lightspeed Venture Partners, Battery Ventures, CRV, Muirwoods Ventures, Harpoon Ventures, StepStone Group, Gopher Asset Management, Walleye Capital, Aliya Capital Partners, and others&period;&NewLine;Kodiak delivers freight daily for its customers between Dallas-Fort Worth and Houston, operating autonomously on the highway portion of the route&period; In January 2021, Kodiak became the first company in the autonomous trucking industry to announce disengage-free customer deliveries, and released footage of over 1000 miles of disengage-free driving&period;&NewLine;<div class="col-sm-10 col-sm-offset-1">&NewLine;&&num;8220&semi;Our Series B drives us into hyper-growth so we can double our team, our fleet, and continue to scale our business,&&num;8221&semi; said Don Burnette, Founder and CEO, Kodiak Robotics&period; &&num;8220&semi;We have engineered our industry-leading technology, the Kodiak Driver, in half the time and a fraction of the cost of our competitors&period; The supply chain challenges we have seen over the last 18 months only underscore the importance of autonomous trucking to the future of America&&num;8217&semi;s economy&period; With the Series B, we will further accelerate towards launching our commercial self-driving service with our partners in the coming years to help address these critical challenges&period;&&num;8221&semi;&NewLine;</div>&NewLine;<div class="col-sm-10 col-sm-offset-1">&NewLine;Kodiak is building the industry&&num;8217&semi;s most advanced technology stack purpose-built specifically for long-haul trucks&period; The company said it will use the Series B funds over the next 12 months to double employee headcount by adding at least 85 new people to the team, expand autonomous service capabilities from coast-to-coast, and add a minimum of 15 new trucks for a total of at least 25 autonomous vehicles&period;&NewLine;The company recently unveiled its next generation autonomous trucks, which uses a modular and discrete sensor approach to vastly simplify installation and maintenance, while increasing safety&period; Kodiak hauls freight daily for a range of industry partners, including some of the nation&&num;8217&semi;s largest carriers and brands, and has done so since 2019&period;&NewLine;</div>&NewLine;

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