Qatar Investment Authority funds Gatik Series D
Qatar Investment Authority has led a Series D funding round for the American company Gatik, amounting to $200 million, with participation from global investors such as Koch Disruptive Technologies, ARK Invest, Millennium Management, and others. This move aims to support Gatik, a company specializing in autonomous freight transportation, which operates driverless trucks to move goods between distribution centers and retail stores across North America and Canada. The funding is intended to boost the company's growth and meet the increasing demand from retail and packaged consumer goods companies. As Gatik expands its partnerships, it has achieved revenues exceeding $600 million and has delivered over 100,000 orders using autonomous shipping.
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