/Companies

kodiak2

California, US · Founded 2018 · 384 employees on LinkedIn · Public · 16 known investors

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Kodiak AI develops AI-powered autonomous ground transportation solutions, with initial focus on driverless trucking. The company provides software and hardware systems designed for safe, efficient autonomous movement across various industries and environments.

Also known as Kodiak AI · Kodiak Robotics

Founders & leadership

kodiak2 was founded in 2018 by Don Burnette.

DBDon Burnette
Don BurnetteCEO & FounderDon Burnette is CEO and founder of Kodiak, which develops AI-powered autonomous ground transportation solutions. He has over a decade of experience working on self-driving technology across automotive and trucking applications.

Investors · 16

Mana VenturesreportedEstero

How we know: the VCSheet dataset · Not right? Tell us

Also in the syndicate · 2

Ares ManagementleadUndisclosed institutional investors

Funding

SEC filings, press & company announcements

$200M disclosed across 2 of 4 rounds · 2025–2026

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$2.5Bvaluation at SPAC merger financing (PIPE and trust cash)Sep 2025
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Key figures

latest reported
Autonomy readiness measureApr 202686%
Quarterly loss from operations (Q1)Mar 2026$37.8M
Quarterly revenue (Q1, prior year)Mar 2025$1.4M
Quarterly revenue (Q1)Mar 2026$1.8M
Share closing price prior to raiseMay 2026$9.1
Share sale priceMay 2026$6.5
Valuation at SPAC mergerSep 2025$2.5B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 1

Companies working in the same space as kodiak2.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase II2021$749.7K
U.S. Air ForceAir ForcePhase I2020$49.4K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 6

launches, deals, and filings
May 2026
Kodiak raises $100M by selling shares at a discount; stock falls 37%

Kodiak disclosed in an SEC filing that it raised $100 million by selling shares at $6.50 each, below its $9.10 close, with accompanying warrants exercisable at as low as $6. Funding came from existing backer Ares Management and unnamed institutional investors. The stock fell 37% in after-hours trading.

$100M source ↗

May 2026
Collaboration with General Dynamics Land Systems on defense autonomous ground vehicles

Kodiak is working with military vehicle maker General Dynamics Land Systems to create autonomous ground vehicles for defense applications.

source ↗

May 2026
Commercial contract with Roehl Transport

Under the agreement, Kodiak-equipped autonomous trucks haul freight between Dallas and Houston on four round trips per week, operating autonomously for the entire trip with a human safety operator aboard.

source ↗

May 2026
Pilot program with West Fraser Timber in Alberta, Canada

Kodiak-equipped autonomous trucks are being tested in West Fraser Timber Co.'s log-hauling operations in Alberta, Canada.

source ↗

May 2026
Release of autonomy readiness measure

Kodiak released an autonomy readiness measure, a zero-to-100 score tracking how much of its internal safety validation is complete; the company reported 86% as of April 2026.

source ↗

Sep 2025
Kodiak Robotics goes public via merger with Ares Acquisition Corporation II

The company, then called Kodiak Robotics, completed a merger with special-purpose acquisition company Ares Acquisition Corporation II, an Ares Management affiliate, in a deal valuing it at about $2.5 billion. Kodiak raised $275 million in connected financing, including $145 million in PIPE funding and about $62.9 million in trust cash from Ares, after SPAC investor redemptions reduced the trust from an initial $562 million.

$275M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does kodiak2 do?
Kodiak AI develops AI-powered autonomous ground transportation solutions, with initial focus on driverless trucking. The company provides software and hardware systems designed for safe, efficient autonomous movement across various industries and environments.
Who founded kodiak2?
kodiak2 was founded by Don Burnette in 2018.
Who are kodiak2's investors?
kodiak2's investors include A'Z Angels, Battery Ventures, BMW i Ventures, CRV (Charles River Ventures), Harpoon Ventures, Lightspeed Venture Partners, Manhattan Venture Partners, SIP Global Partners and 6 more.
How much funding has kodiak2 raised?
kodiak2 has disclosed $200M raised across 2 of its 4 known rounds.
Where is kodiak2 headquartered?
kodiak2 is headquartered in California, US.