Reported about 13 hours ago
Kodiak AI, formerly Kodiak Robotics, has gone public on the Nasdaq after merging with Ares Acquisition Corporation II, securing over $275 million in funding. Valued at approximately $2.5 billion, the company aims to scale its autonomous trucking operations as it shifts from development to deployment in the sector. CEO Don Burnette highlights 2025 as a pivotal year for commercial applications of self-driving technology, driven by advances in AI and hardware. Kodiak operates driverless trucks in the Permian Basin and plans to expand into other sectors, balancing growth with fiscal responsibility.
Source: YAHOO