INSUBCONTINENT EXCLUSIVE:
The 400,000 distribution yards located in the United States are critical hubs for the supply chain
autonomous system.Outrider, a Golden, Colo
startup previously known as Azevtec, came out of stealth Wednesday to announce that it has raised $53 million in seed and Series A funding
rounds led by NEA and 8VC
Outrider is also backed by Koch Disruptive Technologies, Fraser McCombs Capital, warehousing giant Prologis, Schematic Ventures, Loup
Ventures and Goose Society of Texas.Outrider CEO Andrew Smith said distribution yards are ideal environments to deploy autonomous technology
equipped with a full stack self-driving system with overlapping suite of sensor technology such as radar, lidar and cameras
The system automates the manual aspect of yard operations, including moving trailers around the yard as well as to and from loading docks
The system can also hitch and unhitch trailers, connect and disconnect trailer brake lines, and monitor trailer locations.The company has
Over time, Outrider will move from operating in specific areas of these yards to taking over the entire yards for these enterprise
That efficiency is not just in moving the trailers around the yard, Smith added
sees a big opportunity to demonstrate the responsible deployment of autonomy as well as clean up yards filled with diesel-powered yard
