Kodiak Robotics, Inc., a US-based developer of autonomous trucks, has secured USD125 million in Series B funding round from SIP Global Partners , Muirwoods Ventures , Harpoon Ventures, StepStone Group , Gopher Asset Management, Walleye Capital , Aliya Capital Partners, Battery Ventures, CRV and Lightspeed Venture Partners also participated.

Bridgestone Americas and BMW i Ventures, which had announced strategic investments in Kodiak earlier 2021, converted its funds to this round.

The funding will be used to double its workforce as it pursues a path to commercialization. Kodiak plans to add a minimum of 15 new trucks, for a total of at least 25 autonomous vehicles.