Kodiak Robotics, Inc., a US-based developer of autonomous trucks, has secured USD125 million in Series B funding round from SIP Global Partners, Muirwoods Ventures, Harpoon Ventures, StepStone Group, Gopher Asset Management, Walleye Capital, Aliya Capital Partners, Battery Ventures, CRV and Lightspeed Venture Partners also participated.
Bridgestone Americas and BMW i Ventures, which had announced strategic investments in Kodiak earlier 2021, converted its funds to this round.
The funding will be used to double its workforce as it pursues a path to commercialization. Kodiak plans to add a minimum of 15 new trucks, for a total of at least 25 autonomous vehicles.