Outrider raises $73M to scale autonomous distribution yard business

Outrider Inc., which transforms hazard-filled distribution yards into near-touchless automated operations, has raised $73 million in a Series C funding round.

It plans to use the money to complete final capabilities and safety mechanisms. It also plans to grow from its 175 employees by hiring more engineers domestically and in Europe. Golden, Colorado-based Outrider also plans to scale the sales of its software package to customers. They represent more than 20% of 50,000 yard trucks operating in...

https://www.freightwaves.com/news/outrider-raises-73m-to-scale-autonomous-distribution-yard-business

Outrider reins in $65 million to automate distribution yards

The freight industry is inching closer to electrification and autonomy, and much of the action is taking place in the distribution yard.

Among the beneficiaries is Outrider, a startup that automates yard operations for logistics hubs. 

On Wednesday, the Golden, Colorado-based company announced it had closed $65 million in Series B funding. Koch Disruptive Technologies led the round, with participation from existing investors NEA, 8VC and Prologis Ventures. New investors included Henry Crown and...

https://s29755.pcdn.co/news/outrider-reins-in-65-million-to-automate-distribution-yards

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