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Self-driving truck technology start-up Kodiak Robotics raises $40 million

08/17/2018 9:25 AM | Anonymous member (Administrator)

After news of Kodiak’s financing, Uber announced plans to double its investment in Uber Freight and rehire former executive Lior Ron, another Otto co-founder, to conduct the load-matching business. Uber announced on July 31 that its Advanced Technologies Group would end development on the company’s self-driving truck app. Burnette, Kodiak’s CEO, co-founded the self-driving technology company, Otto, that was acquired by Uber in 2016. He left Uber in March and founded Kodiak with Eshel, who worked as a vice president in Battery Ventures and directed the company’s autonomous vehicle investment project.

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