[Funding news] CO-based Outrider Secures $62M in Series D Round Funding

Outrider is a leader in autonomous yard operations for logistics hubs, has secured $62 million in Series D funding. This 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.

Other investors in this round include Goose Capital, Lineage Ventures (the investment strategy of Lineage, Inc.), Presidio Ventures (the venture capital arm of Sumitomo Corporation), and Service Provider Capital.

Read also – [Funding news] NC-based mPATH Secures $3Million in Funding

Outrider Planning for growth

Led by Founder and CEO Andrew Smith, Outrider focuses on improving safety and efficiency in logistics by automating yard operations. The company collaborates with large enterprises to eliminate hazardous and repetitive manual tasks.

To date, It has raised over $250 million in equity capital. It is working closely with customers to launch and expand autonomous yard operations across various industries, including package shipping, retail and eCommerce, consumer packaged goods, and automotive.

While the 2025 scaling efforts are centered on distribution center applications, Outrider’s technology is also suitable for intermodal rail and port terminals, opening up future possibilities in freight transportation.

Funding Utilisation

With this new funding, the company plans to expand to hundreds of systems with key customers and explore additional use cases. This investment will help solidify its leadership in the market and enhance the protection of its patented innovations.

About Outrider

Outrider is the only company focused solely on automating all aspects of yard operations, helping large enterprises improve safety and efficiency by removing dangerous and repetitive tasks.