1 minute read | November.01.2024
Outrider, the leader in autonomous yard operations for logistics hubs, has raised $62 million in a Series D funding round.
Orrick represented Outrider.
Outrider 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. Its customers represent over 20 percent of all yard trucks operating in North America.
The Series D funding will enable Outrider to scale its autonomous yard operations as a service with Fortune 500 customers in 2025 and solidify its position at the forefront of logistics automation.
"By automating yard operations, Outrider is empowering supply chain workers to maximize facility throughput and safety while minimizing their exposure to repetitive, manual tasks performed in dangerous environments," said Andrew Smith, founder and CEO of Outrider.
"This latest funding strengthens our ability to set the highest operational standards in logistics and deliver unmatched value to our customers and their employees. Our global team of talent is proud to have created this industry and will continue to lead the way for years to come."
With over $250 million in equity capital raised to date, Outrider is working closely with customers to launch and scale autonomous yard operations as a service across industries such as package shipping, retail and e-commerce, consumer packaged goods, and automotive.
Orrick’s Josh Pollick led the team that advised Outrider. The team also included Andrew Miller, Sabrina Benyammi and Jason Remy.