After two years in stealth, a Colorado-based startup building autonomous solutions for distribution yards has emerged with $53 million in funding and some major industry partners.
Golden’s Outrider debuted Wednesday, touting the new seed and series A funding led by NEA and 8VC, respectively.
The goal of distribution yards is to keep semi-trailers full of freight moving quickly in the space between the warehouse doors and public roads. However, many of the processes that make up yard operations are manual, inefficient, and hazardous.
“The goal in distribution yards is to keep goods moving quickly from inside warehouses to and from the road,” founder and CEO Andrew Smith told Colorado Inno. “The problem is that the majority of yard operations are almost entirely manual and inefficient. This is the problem we are solving through automation.”