NEW YORK – ARK Venture Fund recently invested in Gatik AI Inc., a company specializing in short-haul retail logistics services using a fleet of autonomous trucks. This investment, effective August 21, 2024, represents a notable development in the logistics and autonomous vehicle industry.

Gatik AI’s activities focus on meeting the demand for efficient distribution within the retail supply chain by deploying self-driving trucks designed for short-distance travel. The company aims to streamline the logistics process for companies, potentially reducing costs and improving delivery times.

As part of an initiative to democratize investing in innovative ventures, the ARK Venture Fund has enabled U.S. self-directed investors to participate in a portfolio that includes both private and public companies. With a minimum investment of $500, individuals can now access these opportunities through the SoFi (NASDAQ:) or Titan apps. In addition, the fund offers investment options in traditional and Roth IRAs, providing a range of retirement savings opportunities.

ARK Venture Fund’s decision to invest in Gatik AI reflects a growing interest in autonomous driving technology and its application in commercial settings. As the industry continues to evolve, such investments will become increasingly important for companies like Gatik AI that are leading the development and implementation of these technologies.

This latest investment news is based on a press release and underscores ARK Venture Fund’s ongoing commitment to supporting innovative companies in the technology sector. It also underscores the growing trend of mutual funds providing individual investors with broader access to venture capital investments.

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