Koch Industries is among the investors backing the autonomous short-haul provider as hits more than $114m in total funding.

US-based autonomous truck developer Gatik raised $85m in a series B round led by diversified conglomerate Koch Industries’ growth-stage investment unit Koch Disruptive Technologies on Tuesday.

FM Capital, Innovation Endeavors, Wittington Ventures, Dynamo Ventures, Intact Ventures and Truck VC also invested, along with several unnamed strategic investors. The round was oversubscribed and brings Gatik’s total funding to more than $114m.

Founded in 2017, Gatik develops autonomous light and medium-duty trucks for short-haul, middle mile logistics for retailers.

This funding will…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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