Autonomous tech company Gatik has scored a new $200 million round of funding from a diverse group of investors.Gatik AI Inc. Spurred by a spike in demand for deliveries by autonomous commercial trucks, a varied group of investment companies has ponied up $200 million to back driverless technology company Gatik AI Inc. the Mountain View, California-based business announced Tuesday. The Series D round was led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Millennium Management, ARK Invest, Intact Private Capital and others, according to a release. Gatik specializes in moving goods between distribution centers and stores with trucks operated by its autonomous technology. The company currently operates routes in Texas, Arkansas, Arizona and Canada servicing retail, grocery and consumer packaged goods supply chains including Walmart and Tyson Foods and Canadian grocery chain Loblaws. The company has booked with more than $600 million in contracted revenue through 85,000 fully driverless orders completed and 99% on-time delivery across its operations, the company said. “This round, led by some of the world’s leading financial institutions, is a clear validation of Gatik’s commercial leadership in autonomous freight,” said Gautam Narang, CEO and co-founder of Gatik, in a statement. “We have built Gatik with real revenue, deep customer demand, and AI-driven autonomous technology proven every day in live supply chains. This round gives us the capital to scale with speed and discipline, serve the world’s largest companies, and define the future of autonomous freight.” The company says it plans to use the new funding to create a model built around high-frequency regional routes that connect distribution centers and stores, describing the routes as “time-sensitive, operationally complex and essential to keeping shelves stocked as customer expectations shift toward faster, more predictable access to everyday products.”MORE FOR YOUIn January Narang told Forbes the company planned to expand its fleet of driverless delivery trucks from fewer than a dozen to hundreds of box trucks by the end of 2026. Executives at the companies contributing to this latest funding round cite both the increased demand for driverless commercial deliveries and Gatik’s expertise and technology as reasons for backing the company.“Autonomous freight is reaching an inflection point as AI and robotics converge to transform the transportation ecosystem," said Cathie Wood, founder, CEO, and CIO of ARK Invest, in a statement. "The companies creating durable value will be those that translate breakthrough innovation into scalable commercial execution. Gatik has demonstrated that autonomous trucking is moving beyond experimentation into commercially viable operations with growing customer adoption.” “We are no longer debating the potential of autonomous trucking. This category will be led by the companies that have proven technology, rigorous safety standards and the commercial discipline to operate at scale,” added Justin Smith-Lorenzetti, managing director, Intact Private Capital, in a statement. “We have tripled our commitment with this latest round, driven by the conviction that Gatik has the execution record, customer traction and technical maturity to be the leader in autonomous freight across North America." This new funding infusion follows June’s announcement that Gatik and PepsiCo had reached an agreement on a multi-year strategic partnership to bring driverless freight into the company’s food and beverage supply chain, marking Gatik’s largest commercial autonomous freight deployment to date. Gatik’s driverless trucks are operated using the purpose-built, AI-based, Gatik Driver system applied to vehicles built by other manufacturers.