# Kodiak Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kodiak-robotics

- Industry: Logistics & Distribution
- Headquarters: Mountain View, US
- Website: www.kodiak.ai
- Total disclosed funding: $165M
- Latest round: Series B (Nov 10, 2021)
- Investors on record: 12

## About

Kodiak Robotics, Inc. focuses on advancing autonomous vehicle technology, particularly through its innovative Kodiak Driver, which provides AI-powered solutions for diverse driving environments, enhancing efficiency in transportation and logistics.Kodiak Robotics, Inc. was founded in 2018 and is headquartered in Mountain View, US. The company specializes in autonomous vehicle technology, providing solutions tailored for the freight and defense sectors. The founders, Don Burnette, Jocelyn Rodriguez, and Paz Eshel, are seasoned professionals in the automotive and robotics industries. In October 2022, the company raised USD 30 mn in VENTURE DEBT funding from Horizon Technology Finance Corporation, bringing the total amount raised to USD 125 mn across 6 deals.Kodiak Robotics is primarily engaged in the development and deployment of autonomous vehicle technology, particularly focusing on the Kodiak Driver, an AI-powered ground autonomy solution designed for various environments. This unified virtual driver is engineered to handle diverse driving conditions, including highways, surface streets, and off-road terrains, leveraging a sophisticated multi-sensor architecture. The Kodiak Driver integrates modular hardware and offboard services into a comprehensive platform tailored for a range of vehicles, promoting operational efficiency and scalability. The company's offerings aim to address critical challenges in the freight industry, national security, and heavy industries, providing reliable solutions for safe and efficient transport. Kodiak's technology serves a varied clientele, including logistics companies and defense sectors, with products currently marketed and deployed across North America.Kodiak Robotics generates revenue through business-to-business transactions focused on its autonomous driving solutions. The company establishes partnerships with clients in the freight and defense industries, delivering its flagship product, the Kodiak Driver, under a structured transaction model involving contracts for service deployments. Clients utilize Kodiak’s autonomous technology to enhance operational efficiencies, often engaging in long-term contracts to incorporate these advanced capabilities into their transportation fleets. The revenue structure includes project-based contracts, service agreements, and potentially ongoing subscriptions for software updates and support services, reflecting the company's commitment to providing comprehensive solutions that address the unique demands of its clients in various sectors.In October 2022, Kodiak Robotics, Inc. raised USD 30 mn in venture debt funding from Horizon Technology Finance Corporation, which will be utilized to scale its technology. The company is expected to enhance the Kodiak Driver and design upcoming products to strengthen its offerings in the autonomous vehicle market. Kodiak plans to enter new markets and expand its geographical footprint, specifically targeting regions in North America for the next phase of its growth strategy.

## Funding rounds

- Series B, Nov 10, 2021, $125M — Battery Ventures, CRV, Lightspeed Venture Partners, StepStone, BMW i Ventures, Strategic Incubation Partners, Walleye Capital, Gopher Asset Management, Harpoon Ventures, Muirwoods Ventures, Aliya Capital Partners
- Series A, Jul 13, 2018, $40M — Battery Ventures, CRV, Lightspeed Venture Partners, Tusk Venture Partners

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B
- CRV (https://capitalatlas.ai/funds/crv) — Series A, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- Tusk Venture Partners (https://capitalatlas.ai/funds/tusk-venture-partners) — Series A
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series B
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series B
- Strategic Incubation Partners (https://capitalatlas.ai/funds/strategic-incubation-partners) — Series B
- Walleye Capital — Series B
- Gopher Asset Management (https://capitalatlas.ai/funds/gopher-asset-management) — Series B
- Harpoon Ventures (https://capitalatlas.ai/funds/harpoon-ventures) — Series B
- Muirwoods Ventures (https://capitalatlas.ai/funds/muirwoods-ventures) — Series B
- Aliya Capital Partners — Series B