Outrider Closes $62 Million Series D Financing to Drive Growth of Yard Automation
Summary
This funding will drive the commercial scaling of Outriders autonomous yard operations as a service with Fortune 500 customers in 2025 and solidify its position at the forefront of logistics automation. This versatility, along with an electric-first yard truck platform strategy, positions Outrider to play a crucial role in modernizing multiple facets of the global supply chain. Since securing $73 million in Series C funding in 2022, Outrider has made impressive strides, including new and expanded deployments, global expansion of its technical team, and the release of groundbreaking AI and deep-learning capabilities for system safety and performance. The only company exclusively focused on automating all aspects of yard operations, Outrider works with logistics-dependent enterprises to eliminate manual tasks that are hazardous and repetitive. With its customers representing over 20 percent of all yard trucks operating in North America, Outrider is a private company backed by NEA, 8VC, Koch Disruptive Technologies, FM Capital, and other top-tier investors.