May 27, 2020

Outrider – $53 Million

Amount Funded: $53 Million

Type: Seed/Series A

Lead Investor: New Enterprise Associates, 8VC

Participating Investors: GOOSE Society of Texas, Koch Disruptive Technologies, Prologis Ventures, Schematic Ventures, Fraser McCombs Capital

Total Funding: $53 Million

Company Description: (Golden, Colorado) Outrider, the pioneer in autonomous yard operations for logistics hubs, helps large enterprises improve safety and increase efficiency. The only company exclusively focused on automating all aspects of yard operations, Outrider eliminates manual tasks that are hazardous and repetitive. Outrider’s mission is to drive the rapid adoption of sustainable freight transportation by deploying zero-emission systems. Outrider is a private company backed by NEA, 8VC, and other top-tier investors. For more information, visit www.outrider.ai.

What funding will be used for: –

Quotes:

“Logistics yards offer a confined, private-property environment and a set of discrete, repetitive tasks that make the ideal use case for autonomous technology. But today’s yards are also complex, often chaotic settings, with lots of work that’s performed manually. This is why an overarching systems approach – with an autonomous truck at its center – is key to automating every major operation in the yard.”

-Andrew Smith, founder and CEO, Outrider

Notes:

Data provided by respective company and researched by StartupsOne for accuracy.

 

StartupsOne

StartupsOne features relevant, focused news on venture capital funding of technology oriented startup businesses based in North America.

View all posts by StartupsOne →