Gatik Named to Forbes AI 50 List of Most Promising Artificial Intelligence Companies of 2021
PALO ALTO, Calif. – April 26, 2021 – Gatik, the market leader in automating on-road transportation networks for B2B middle-mile logistics, announced today that it has been named to the Forbes AI 50 list which highlights private companies using artificial intelligence in meaningful, business-oriented ways to create innovative services and solve complex technology problems.
“Operating on fixed, repeatable routes is the most effective way to deploy autonomous
vehicles safely and at scale,” said Gautam Narang, Co-Founder, and CEO of Gatik. “At Gatik, we take a radically divergent hybrid approach towards the system architecture, implementation & validation of our Autonomous Box Trucks. We decompose the massive, monolithic Deep Neural Networks into micro-models whose intended functionality is restricted to a very specific explainable task, and build rule-based fallback & validation systems around them. Forbes’ recognition of our solution validates the strength of this approach – we’re honored to be included on this prestigious list and be recognized as a technology innovator.”
Forbes, in partnership with Sequoia Capital, evaluated hundreds of companies serving
a range of industries to recognize 50 private, U.S.-based companies for their innovative use of artificial intelligence. Gatik was selected for its leadership in using AI and machine learning to establish the first autonomous Middle Mile logistics network in North America, based on factors including technology, business model, growth, customers, revenue history, and valuation.
Gatik’s technology focuses on 3 technical pillars to maximize safety and efficiency for
short-haul logistics: using exponentially less data for training and validation by overfitting the modular stack for known routes; using a learning-first but deterministic approach, through hyper-optimization of micro-models using rich priors from known routes; and ensuring redundancies at system and component level. Combined with the company’s operational expertise, this commercial grade autonomous solution enables Gatik’s customers to reduce costs, maintain capacity and keep delivery times short.
About Gatik
Gatik, the leader in autonomous middle mile logistics, is revolutionizing B2B logistics with autonomous transportation-as-a-service (ATaaS) and prioritizing safe, consistent deliveries and streamlining freight movement by reducing congestion. The company focuses on short-haul, B2B logistics for Fortune 500 retailers and in 2021 launched the world’s first fully driverless commercial transportation service with Walmart. Gatik’s Class 3-7 autonomous box trucks are commercially deployed in multiple markets including Texas, Arkansas, and Ontario. Gatik is partnered with industry leaders including Ryder, Goodyear and Isuzu. Founded in 2017 by veterans of the autonomous technology industry, the company has offices in Mountain View, Dallas Fort Worth and Toronto.
Safe Harbor Statement
This article or press release contains forward-looking statements, including but not limited to, statements regarding future business strategies, plans, objectives, and anticipated performance. These forward-looking statements are based on the current expectations and beliefs of Gatik and are subject to various risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied in such statements.
Factors that could impact these forward-looking statements include, but are not limited to, changes in market conditions, economic factors, competitive dynamics, regulatory developments, and unforeseen operational challenges. Gatik undertakes no obligation to update or revise any forward-looking statements to reflect new information, future events, or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.
