Kodiak Robotics was founded in 2018 by Don Burnette and Paz Eshel. In 2021, Burnette told reporters that the company will continue to seek funding while evaluating options in both the private and public markets, adding that the company is "positioned as one of the last remaining private AV trucking companies with any significant progress."
Kodiak Robotics is an autonomous shipping company that is developing a fleet of self-driving trucks for long-haul transportation. In late 2022, the company won a $49.9 million contract with the Department of Defense to build autonomous vehicles for military applications. Kodiak Robotics has raised more than $240 million in venture capital funding from investors including SIP Global Partners, Muirwoods Ventures, Harpoon Ventures, StepStone Group, and Lightspeed Venture Partners. The company did not disclose valuation figures following a $125 million Series B funding round in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.