Outrider

Outrider

Automates yard operations for logistics hubs

About

Outrider focuses on automating yard operations for logistics hubs. Its main service is to convert manual yard tasks into automated processes, which enhances efficiency, reduces turn time, optimizes space utilization, and improves asset tracking. The company offers an integrated system that replaces traditional diesel yard trucks with electric ones, aiming to lower the carbon footprint of logistics operations. Outrider's clients are logistics hubs that benefit from increased safety and efficiency through automation. The company generates revenue by selling its automation systems and providing ongoing support and maintenance. The goal is to be a technology partner for logistics hubs, promoting sustainability and operational improvements.

Company Stage

Series D

Employees

201-500

Industries

Robotics & Automation, Automotive & Transportation, Energy

Total Funding

$297.7M

Headquarters

N/A

Founded

2017


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Simplify's Take

What believers are saying

  • Outrider's continuous innovation, evidenced by their 11th U.S. patent, positions them as a leader in yard automation technology.
  • The expansion of their engineering workforce globally supports rapid commercialization and technological advancements.
  • Their new trailer inventory management system addresses a critical pain point in logistics, potentially leading to widespread adoption and customer satisfaction.

What critics are saying

  • The niche focus on yard operations may limit market size and growth potential compared to broader logistics automation solutions.
  • High dependency on AI and robotics technology could lead to operational disruptions if technical issues arise.

What makes Outrider unique

  • Outrider focuses exclusively on automating yard operations, a niche often overlooked by broader logistics automation companies.
  • Their use of electric yard trucks not only enhances efficiency but also significantly reduces carbon emissions, setting them apart in sustainability.
  • The company's AI-driven perception technology, trained on millions of data points, provides a robust and adaptive solution for complex yard environments.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-4%

2 year growth

60%

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