Kodiak AI enters $30M venture loan agreement with Horizon Technology Finance

Kodiak AI, Inc.

Borrowed $30M on Dec 31, 2025; proceeds used to repay existing debt and for working capital/general corporate purposes.
Interest rate is prime plus 3.50% with a 6.50% floor; interest-only payments through July 2028.
Term loans mature Jan 1, 2030; secured by substantially all assets including intellectual property.
Prior 2022 venture loan with Horizon was terminated in connection with this new facility.
Commitment fee of $300K paid at closing; final payment of $1.2M due at maturity.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kodiak AI, Inc. terminated Venture Loan and Security Agreement, dated as of September 28, 2022, as amended with Horizon Technology Finance Corporation (effective 2025-12-31).

Action: termination
Agreement: credit facility
Counterparty: Horizon Technology Finance Corporation
Effective: 2025-12-31

Exact text from the filing

On December 31, 2025, in connection with the entry into the Loan Agreement, the Borrowers terminated that certain Venture Loan and Security Agreement, dated as of September 28, 2022, as amended, by and between Legacy Kodiak and Lender.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kodiak AI, Inc. entered into Loan Agreement with Horizon Technology Finance Corporation valued at $30.0 million (effective 2025-12-31).

Action: entry
Agreement: credit facility
Counterparty: Horizon Technology Finance Corporation
Value: $30.0 million
Effective: 2025-12-31

Exact text from the filing

On December 31, 2025 (the “ Closing Date ”), Kodiak AI, Inc., a Delaware corporation (the “ Company ”), and Kodiak Robotics, Inc., a Delaware corporation and subsidiary of the Company (“ Legacy Kodiak ”), as co-borrowers (together with the Company, the “ Borrowers ”), entered into a venture loan and security agreement (the “ Loan Agreement ”) by and among the Borrowers and Horizon Technology Finance Corporation, as collateral agent and lender (the “ Lender ”).

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Kodiak AI, Inc. filing history →

Source: SEC EDGAR

accession 0001853138-25-000022

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