Kodiak Robotics Secures $40 Million Funding to Develop Self-Driving Trucks

Published by , August 20, 2018 1:56 pm

(CleanTechnica) Kodiak Robotics, which focuses on autonomous trucking, has raised $40 million in series A funding from backers including CRV, Lightspeed Venture Partners, Battery Ventures, and Tusk Ventures are some of the backers. Currently, the company has about 10 employees and will use the funds to grow the team and for product development.
The company’s technical approach reportedly will be one of fusing various technologies like light detection, LiDAR, cameras, radar and sonar.

 “We believe self-driving trucks will likely be the first autonomous vehicles to support a viable business model, and we are proud to have the support of such high-profile investors to help us execute on our plan,” explained co-founder Don Burnette.

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