Gatik has closed a two-hundred-million-dollar round led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Millennium Management, ARK Invest, and Intact Private Capital. The raise follows a commercial agreement with PepsiCo under which forty-one fully driverless box trucks operate on defined middle-mile routes transporting Frito-Lay products across Dallas, Phoenix, and Northwest Arkansas — without safety drivers. The combination of a named enterprise customer operating at commercial scale and six hundred million dollars in contracted revenue provides the kind of proof point that autonomous vehicle investment has been constructed around but has rarely had to produce. The middle-mile thesis — that defined, repeatable routes between distribution centres are a structurally easier target for autonomy than last-mile urban complexity or long-haul highway unpredictability — has been validated more quickly than most industry observers expected.
Startups
Grindr: $540M Revenue, 40% EBITDA Margins, 16 Consecutive Growth Quarters — and a 35% Valuation Discount the Market Can't Explain
The fundamentals of one of the most underappreciated consumer tech turnarounds trade at a persistent…