Outrider

Outrider

Automates yard operations for logistics hubs

About Outrider

Simplify's Rating
Why Outrider is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Robotics & Automation

Industrial & Manufacturing

Energy

Company Size

201-500

Company Stage

Series D

Total Funding

$297.7M

Headquarters

Golden, Colorado

Founded

2017

Overview

Outrider focuses on automating yard operations for logistics hubs. Its main service is to convert manual yard tasks into automated processes, which helps increase efficiency, reduce turn time, improve space utilization, and enhance 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 safer and more efficient operations through automation. The company generates revenue by selling its automation systems and providing ongoing support and maintenance. Overall, Outrider aims to be a technology partner for logistics hubs, enhancing their operations while promoting sustainability.

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Funded Recently
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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Increased investment in autonomous vehicle technology indicates strong market interest for Outrider.
  • The shift towards automation in B2B aligns with Outrider's focus, enhancing market demand.
  • A shortage of skilled labor in industrial sectors drives demand for Outrider's solutions.

What critics are saying

  • Increased competition from Kodiak Robotics could threaten Outrider's market share.
  • The bankruptcy of Canoo highlights financial instability in the electric vehicle sector.
  • Significant investment in autonomous driving technologies indicates a highly competitive market.

What makes Outrider unique

  • Outrider automates logistics hubs with electric, self-driving trucks, enhancing safety and efficiency.
  • The company uses advanced reinforcement learning to improve path planning speed by 10x.
  • Outrider's system replaces diesel yard trucks with electric ones, reducing carbon footprints.

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Funding

Total Funding

$297.7M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$62M
Outrider
$70M
Twilio
$80M
Handshake
$100M
Affirm

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

22%
FreightWaves
Feb 10th, 2025
The Autonomous Yard Dog Gets An Ai-Powered Upgrade

The yard dog, the diminutive cousin of the Class 8 tractor, is getting an autonomous AI-powered upgrade courtesy of Outrider.Outrider, an autonomous yard operations leader, recently announced an industry-first deployment of advanced reinforcement learning (RL) techniques across its customer sites. FreightWaves spoke with Andrew Smith, founder and CEO of Outrider about what the release means for the startup and how it’s taking the humble yard dog to new heights.For those outside the supply chain, yard operations can consist of drayage operations at ports, intermodal operations at railheads, or in the yards from distribution centers to trucking terminals. The humble yard dog is used to shuttle empty and loaded trailers to and from docks to parking places, where the larger Class 8 tractor hauls the goods for longer distances.Outrider noted in the release that incorporating the RL techniques increased path planning speed by 10x and enabled the Outrider System the ability to move freight more efficiently and safely through crowded, chaotic and busy distribution yards. Smith adds that right now their network represents about 20% of all yard trucks operating in North America with many customers invented in pilot operations since the early days of the company back in 2017.How the reinforcement learning worksRL is part of the successful application of AI in the physical world, where the AI collects a large dataset that is then used to train the AI. For the yard dog, Smith notes the 5 years’ worth of data collected from their autonomous yard trucks is the primary source to train the system. Outrider boasts over 200,000 safety scenarios while third-party safety experts and its Fortune 500 customers validate the safety cases.With that training data, the next step is to reinforce positive behaviors and interactions

FreightWaves
Jan 24th, 2025
Kodiak Robotics Strikes First In The Driverless Truck Commercialization Race

Kodiak Robotics strikes first in the driverless truck commercialization race(Photo: Kodiak Robotics)The Permian Basin, known for its huge deposits of oil and natural gas, now boasts the first successful customer launch for driverless truck delivery operations  On Friday Kodiak Robotics and Atlas Energy Solutions announced that Atlas completed the delivery of 100 loads of proppant with two RoboTrucks equipped with Kodiak Driver, Kodiak’s self-driving system. The RoboTrucks are part of Atlas’s launching of the Dune Express, a 42-mile autonomous conveyor belt in the desert that transports sand from Kermit, TX to a facility in eastern New Mexico. The Atlas autonomous RoboTrucks then transport frac sand to customers across the Delaware Basin. This is part of a larger effort by Atlas to automate its entire supply chain. Kodiak Robotics’ initial driverless operations with Atlas, announced last July, involved Kodiak making deliveries with Kodiak-owned trucks. The release notes Atlas is now able to complete its own driverless deliveries across the 75,000 square mile Permian Basin in West Texas and Eastern New MexicoDon Burnette, Founder and CEO at Kodiak said in the release, “this is an incredible moment, for us and for the autonomous trucking industry as we have officially delivered a commercial RoboTruck to a customer and launched commercial operations.”Atlas is expected to expand its RoboTruck operation over the course of this year with Kodiak announcing the opening of an 18,000 square foot facility in Odessa, Texas to help support the operations. Looking ahead, Kodiak looks to extend its safety case to highways for its long-haul customers.Electric vehicle startup Canoo files for bankruptcy, ceases operations(Photo: Canoo)The medium-duty electric vehicle space continues to get smaller. Seven-year-old electric vehicle startup Canoo has filed Chapter 7 bankruptcy and announced an immediate halt to operations. A press release noted the liquidation process is being overseen by a bankruptcy trustee in the Delaware Bankruptcy Court.Despite its partnerships with NASA, the Department of Defense, the U.S

FreightWaves
Jan 24th, 2025
The Autonomous Yard Dog Gets An Ai-Powered Upgrade

The yard dog, the diminutive cousin of the Class 8 tractor, is getting an autonomous AI-powered upgrade courtesy of Outrider.Outrider, an autonomous yard operations leader, recently announced an industry-first deployment of advanced reinforcement learning (RL) techniques across its customer sites. FreightWaves spoke with Andrew Smith, founder and CEO of Outrider about what the release means for the startup and how it’s taking the humble yard dog to new heights.For those outside the supply chain, yard operations can consist of drayage operations at ports, intermodal operations at railheads, or in the yards from distribution centers to trucking terminals. The humble yard dog is used to shuttle empty and loaded trailers to and from docks to parking places, where the larger Class 8 tractor hauls the goods for longer distances.Outrider noted in the release that incorporating the RL techniques increased path planning speed by 10x and enabled the Outrider System the ability to move freight more efficiently and safely through crowded, chaotic and busy distribution yards. Smith adds that right now their network represents about 20% of all yard trucks operating in North America with many customers invented in pilot operations since the early days of the company back in 2017.How the reinforcement learning worksRL is part of the successful application of AI in the physical world, where the AI collects a large dataset that is then used to train the AI. For the yard dog, Smith notes the 5 years’ worth of data collected from their autonomous yard trucks is the primary source to train the system. Outrider boasts over 200,000 safety scenarios while third-party safety experts and its Fortune 500 customers validate the safety cases.With that training data, the next step is to reinforce positive behaviors and interactions

The Robot Report
Jan 23rd, 2025
Outrider Uses Reinforcement Learning To Speed Path Planning By Tenfold

Outrider is using reinforcement learning to enhance throughput at truck yards. Source: Outrider. Outrider Technologies Inc. today said it has deployed advanced reinforcement learning, or RL, techniques to maximize freight throughput at customer sites. The company said its RL models can increase path-planning speed by 10x and enable the Outrider System to move freight more efficiently and safely through busy, complex distribution yards. “Using the latest advances in AI, Outrider is continually decreasing the turn time of trailers moved autonomously in logistics yards,” said Vittorio Ziparo, chief technology officer and executive vice president of engineering

PYMNTS
Jan 7th, 2025
Autonomous Machinery Looks To Cultivate Future Of Farming, Heavy Industry

Despite their low-tech reputations, the industrial and agricultural sectors are being reimagined by autonomous solutions. The advent of autonomous commercial vehicles, as well as across warehouse operations, couldn’t be coming at a better time. Within agriculture alone, the American Farm Bureau Federation estimates there are around 2.4 million farm jobs that need to be filled annually. Separately, a skilled tradesmen shortage has left 88% of contractors struggling to find skilled labor. “Our agriculture, construction and commercial landscaping customers all have work that must get done at certain times of the day and year, yet there is not enough available and skilled labor to do the work,” said Jahmy Hindman, chief technology officer at John Deere, in a Monday (Jan. 6) statement announcing the debut of John Deere’s latest driverless machines

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