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Kodiak AI Raises $100M from Ares Management as Stock Falls 37% in After-Hours Trading

GateNews

2026-05-08 03:11:31

According to TechCrunch, Kodiak AI raised $100 million in funding from Ares Management and other institutional investors on May 8, with shares priced at $6.50 each. The stock fell 37% in after-hours trading from a prior close of $9.10. The financing will support Kodiak’s expansion of autonomous trucking operations across off-road sites and public highways, including a new deal with Roehl Transport to operate freight routes between Dallas and Houston.

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