Robotics & Automation News

Market trends and business perspectives

yards

Outrider releases ‘fully autonomous’ truck parking system

by Leave a Comment

Outrider, a developer of autonomous technology for yard operations at logistics hubs, has released “fully autonomous” trailer backing capabilities to its fleet.

This proprietary technology enables autonomous yard trucks to back trailers into tight spaces with precision and without modifications to trailers.

These capabilities are now available as part of the Outrider System, which automates distribution yards for large, logistics-dependent enterprises. [Read more…] about Outrider releases ‘fully autonomous’ truck parking system

Outrider raises $65 million in Series B financing round

by Leave a Comment

Outrider, a provider of autonomous yard operations systems for logistics hubs, has closed $65 million in Series B funding, led by Koch Disruptive Technologies. Other existing investors increased their investments, including NEA, 8VC, and Prologis Ventures.

New investors included Evolv Ventures, the investment arm of Kraft Heinz, and Henry Crown and Company. With $118 million raised to date, Outrider is positioned to scale and support the rapid automation of distribution yards.

In supply-chain-intensive industries, distribution yard operations are necessary for transitioning goods between the road and the warehouse. [Read more…] about Outrider raises $65 million in Series B financing round

Outrider launches with $53 million in funding to automate distribution yards

by Leave a Comment

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. [Read more…] about Outrider launches with $53 million in funding to automate distribution yards