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Venture Capital News: Outrider Inks Oversubscribed $62M Series D

2024-10-24
BRIGHTON, CO, Outrider, the leader in autonomous yard operations for logistics hubs, has raised $62 million in an oversubscribed Series D financing round.
The round was led by Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA), with additional investments from 8VC, ARK Invest, B37 Ventures, FM Capital, Interwoven Ventures, NVentures (NVIDIA's venture capital arm), and Prologis Ventures. This funding will drive the commercial scaling of Outrider's autonomous yard operations as a service with Fortune 500 customers in 2025 and solidify its position at the forefront of logistics automation.

Other investors joining the Series D financing are Goose Capital; Lineage Ventures, the investment strategy of Lineage, Inc.; Presidio Ventures, the venture capital arm of Sumitomo Corporation; and Service Provider Capital.

Outrider, the leader 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 works with logistics-dependent enterprises to eliminate 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.
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