Santa Clara-based Gatik has raised $200 million in Series D funding to expand driverless trucking between distribution centers and stores. The company announced the round on X on August 25. Qatar Investment Authority and Koch Disruptive Technologies led the financing. Millennium Management, ARK Invest, Intact Private Capital, and other investors participated. Gatik did not disclose a valuation.
Gatik said it has more than $600 million in contracted revenue, has completed about 85,000 fully driverless orders, and has a 99 percent on-time rate. Its trucks run high-frequency regional routes in Arizona, Arkansas, and Texas, and in Canada. The company is targeting more than 100 driverless trucks by the end of 2026, a spokesperson told Reuters.
Co-founder and chief executive Gautam Narang said the new capital is meant to scale operations that already run in live retail and grocery supply chains. "We have built Gatik with real revenue, deep customer demand, and AI-driven autonomous technology proven every day in live supply chains," he said in the company announcement.
Named customers in coverage of the raise include PepsiCo in the United States and Loblaw in Canada. TechCrunch reported that Gatik struck a multiyear PepsiCo agreement about two months before the Series D, covering Frito-Lay products in Dallas, Phoenix, and northwest Arkansas. Other shippers cited in that reporting include Kroger, Tyson Foods, and Walmart, which Gatik disclosed as an early customer years ago.
TechCrunch, citing the company, said Gatik has raised about $500 million since coming out of stealth in 2019 and employs about 350 people. Narang told the publication the new backers are long-term financial partners for the next phase of scale-up. The money is slated for fleet growth, technology, infrastructure, and hiring.
Gatik is not trying to solve robotaxis or coast-to-coast trucking. It is selling a narrower product: repeated middle-mile trips that keep store shelves stocked. That focus is why the company can point to contracted revenue rather than only pilot miles. The Series D, its largest round to date, now has to fund more trucks without letting on-time performance slip as routes and weather conditions multiply.
