Outrider, a Brighton, CO-based leader in autonomous yard operations for logistics hubs, raised $62m in Series D financing round.
The round was led by Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA), with additional investments from 8VC, ARK Invest, B37 Ventures, FM Capital, Interwoven Ventures, NVentures (NVIDIA’s venture capital arm), and Prologis Ventures. Other investors joining the Series D financing are Goose Capital; Lineage Ventures, the investment strategy of Lineage, Inc.; Presidio Ventures, the venture capital arm of Sumitomo Corporation; and Service Provider Capital.
Led by Andrew Smith, Founder and CEO, Outrider is a leader in autonomous yard operations for logistics hubs, which helps large enterprises improve safety and increase efficiency. Outrider works with logistics-dependent enterprises to eliminate manual tasks that are hazardous and repetitive.
With over $250m in equity capital raised to date, the company is working closely with customers to launch and scale autonomous yard operations as a service across industries such as package shipping, retail and eCommerce, consumer packaged goods, and automotive.
While 2025 product scaling is currently focused on distribution center applications, Outrider’s technology is also suited for use in intermodal rail and port terminals, paving the way for future applications across freight transportation.
With this new capital, the company will scale to hundreds of systems with key customers and address additional use cases. This investment will further extend its leadership position in the marketplace and increase the protection of its patented innovations.
FinSMEs
24/10/2024