Emerging from two years of stealth-mode operation, Outrider has announced it has raised $53 million in funding and deployed initial pilots of its Outrider System, the first-to-market solution focused on autonomous yard operations for logistics hubs.
The seed and series A funding rounds were 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.
Andrew Smith, founder and CEO of Outrider, says: “Logistics yards offer a confined, private-property environment and a set of discrete, repetitive tasks that make the ideal use case for autonomous technology.