VANCOUVER — The Silicon Valley-based autonomous-vehicle startup that powers Loblaw’s fleet of driverless delivery trucks has closed an oversubscribed US$85-million Series B fundraising round. Gatik plans to use some of the money to further expand the team at its Toronto engineering hub, which has already more than doubled in less than a year.
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
New law will let Canada bar Huawei from 5G networks after years of pondering
AV-software maker Oxbotica deploys first self-driving car in Europe with no on-board driver
Toronto’s Xanadu raising US$100M at US$1B valuation: report
Couche-Tard unveils first North American Circle K EV fast-charging station
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.