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Outrider Closes $62 Million Series D Financing to Drive Growth of Yard Automation

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Funding supports scaling of autonomous yard operations for Fortune 500 logistics hubs

BRIGHTON, Colo., Oct. 24, 2024 /PRNewswire-PRWeb/ — Outrider, the leader in autonomous yard operations for logistics hubs, has raised $62 million in an oversubscribed Series D financing round. The 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. This funding will drive the commercial scaling of Outrider’s autonomous yard operations as a service with Fortune 500 customers in 2025 and solidify its position at the forefront of logistics automation.

“By automating yard operations, Outrider is empowering supply chain workers to maximize facility throughput and safety while minimizing their exposure to repetitive, manual tasks performed in dangerous environments,” said Andrew Smith, Founder and CEO of Outrider. “This latest funding strengthens our ability to set the highest operational standards in logistics and deliver unmatched value to our customers and their employees. Our global team of talent is proud to have created this industry and will continue to lead the way for years to come.”

With over $250 million in equity capital raised to date, Outrider is working closely with customers to launch and scale autonomous yard operations as a service across industries such as package shipping, retail and eCommerce, consumer packaged goods, and automotive. Since 2019, Outrider’s customers, representing over 20 percent of all yard trucks in operation in North America, have been actively involved in product testing and pilot deployments, highlighting their commitment to reinventing yard operations.

“Outrider’s industry-leading technology approach, commitment to safety, and robust IP portfolio make them a standout in autonomous yard operations,” said Byron Knight, President of Koch Disruptive Technologies. “We’re thrilled to support their continued growth as they revolutionize supply chain efficiency on a global scale.”

While 2025 product scaling is currently focused on distribution center applications, Outrider’s technology is also well-suited for use in intermodal rail and port terminals, paving the way for future applications across freight transportation. This versatility, along with an electric-first yard truck platform strategy, positions Outrider to play a crucial role in modernizing multiple facets of the global supply chain.

With this new capital, Outrider will scale to hundreds of systems with key customers and address additional use cases. This investment will further extend Outrider’s leadership position in the marketplace and increase the protection of its patented innovations. “Outrider’s proprietary safety systems; consistent, predictable movement through complex and chaotic environments; and patented robotic-arm-based system for trailer air and electric line connections have allowed us to stay far ahead of any competition,” said Bob Hall, Chief Operating Officer at Outrider.

Other investors joining the Series D financing are Goose Capital; Lineage Ventures, the investment strategy of Lineage, Inc.; Presidio Ventures, the venture capital arm of Sumitomo Corporation; and Service Provider Capital.

Since securing $73 million in Series C funding in 2022, Outrider has made impressive strides, including new and expanded deployments, global expansion of its technical team, and the release of groundbreaking AI and deep-learning capabilities for system safety and performance. Outrider’s technological achievements have been validated by over 100,000 autonomous trailer moves across its customer deployments and test site. Multiple issued patents further underscore Outrider’s commitment to leading the industry and transforming yard operations.

About Outrider®
Outrider, the leader in autonomous yard operations for logistics hubs, helps large enterprises improve safety and increase efficiency. The only company exclusively focused on automating all aspects of yard operations, Outrider works with logistics-dependent enterprises to eliminate manual tasks that are hazardous and repetitive. Outrider’s mission is to drive the rapid adoption of sustainable freight transportation by deploying zero-emission systems. With its customers representing over 20 percent of all yard trucks operating in North America, Outrider is a private company backed by NEA, 8VC, Koch Disruptive Technologies, FM Capital, and other top-tier investors. For more information, visit http://www.outrider.ai.

Media Contact

Kara Erwin, Kickstand Communications, 512-771-6911, outrider@meetkickstand.com

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Ataccama Debuts AI Agent for Data Management

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Intelligent and autonomous, the Ataccama ONE AI Agent accelerates data quality assurance, reduces operational costs and alleviates complexity to deliver clean, trustworthy data across the enterprise.

BOSTON, Oct. 24, 2024 /PRNewswire/ — Ataccama today announced the launch of the Ataccama ONE AI Agent, the first independent data companion of its kind which fundamentally changes and accelerates data management. A significant leap forward in autonomous AI for data management, the Ataccama ONE AI Agent is part of the Ataccama ONE data trust platform and can independently execute complex tasks with minimal guidance. The agent intelligently chooses the best approach for assigned tasks, self-corrects as necessary, manages the complex data requirements independently and delivers transparent outputs for users to review.

“Agentic AI is the next milestone in the evolution of AI, but for these intelligent systems to be capable of making decisions and taking actions autonomously, there needs to be trust in data,” said Jay Limburn, Chief Product Officer at Ataccama. “Agents within enterprises will enable AI systems to interact and collaborate, and data trust will become paramount for effective cooperation and problem-solving. Ataccama is delivering the data trust bridge needed between data sources and data consumers with our Ataccama ONE unified data trust platform which offers data quality, observability, lineage, governance and master data management in a single solution. Purpose-built AI tailored for specific tasks like data management will boost efficiency, support ethical interactions among agents, and facilitate human and AI collaboration to uphold industry standards and ensure trustworthy outcomes.”

The Ataccama ONE AI Agent builds on the early reasoning and automation of the existing AI and machine learning copilot capabilities available today to provide a high level of independence. Utilizing powerful AI-powered tools, it acts as a dedicated data companion to automate a wide range of data quality configurations including bulk DQ rule creation, intelligent DQ rule mapping, and automated DQ evaluation, and answer queries for finding data assets to help business and technical users. Every AI-generated result provides transparency for its decision-making with clear explanations for its actions which enables users to minimize the risks with data utilized and stored, identify potential issues and quickly take corrective measures.

Designed for data engineers and business users, Ataccama ONE AI Agent reduces manual efforts to accelerate data quality assurance, expedite data cleaning, streamline processes and reduce operational costs, and facilitates data democratization by bringing clean, trustworthy data to more users across the organization. No technical knowledge is required for any user to manage and examine data quality confidently, allowing human oversight from across the enterprise to ensure reliable data and build trust.

With built-in contextual awareness and comprehension of intent, the agent produces more accurate, insightful and valuable outcomes. Trained on data management expertise and best practices and the Ataccama ONE unified data trust platform, the agent leverages the power of the ChatGPT 4 model to integrate external knowledge for it to adapt and respond to diverse tasks appropriately.

Ataccama has been leading in AI-driven data management since 2016, with Ataccama ONE AI being released in general availability in 2023. Recently, Gartner recognized Ataccama as an Emerging Specialist in its Gartner Innovation Guide to Generative AI October 2024. The only pure-play data management provider to be included in the AI Knowledge Management Apps / General Productivity Vendors category, Ataccama’s position recognizes its market understanding, innovation, products and services, and overall viability with purpose-built generative AI offerings for specific use cases.

To learn more about the Ataccama ONE AI Agent, please visit: www.ataccama.com

About Ataccama
Ataccama enables organizations to accelerate business initiatives with high quality, governed data they trust using Ataccama ONE, a unified data trust platform. Combining data quality, observability, lineage, governance and master data management in a single solution, Ataccama supports hundreds of companies around the world to grow their business, reduce cost and mitigate risk. Ataccama was one of only three software companies to be recognized by Gartner as a Market Leader for Augmented Data Quality in 2024. Learn more at www.ataccama.com.

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MG Moving Teams Up to Titan Up in Tampa

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MG Moving CEO Steve Kuhn joins an industry specialist panel in 3-day Moving Titan Retreat amongst hundreds of the up-and-coming moving organization attendees located throughout the country.

STERLING, Va., Oct. 24, 2024 /PRNewswire/ — “Moving Titan Retreats represent the future energy of the moving industry,” says MG Moving CEO Steve Kuhn. “Events like the one we just attended in Tampa will easily become more meaningful than the conferences in recent years sponsored by large associations that pay little or no attention to small and mid-sized moving companies looking to grow.” (www.mgmoving.com)

Wade Swikle, CEO of 2 College Brothers Franchising Systems, LLC, Co-Founder of Moving Titan Retreats, LLC, and Host of the longest running industry podcast, “Grow Your Moving Company”, was happy to see attendance for the October retreat double from the previous retreat and happy to see involvement from all sized companies. “We were pleased to have Steve as a panelist at the retreat and appreciate the efforts he has made to get involved with the future of the industry,” says Swikle. “I appreciate having him as an industry contact and appreciated him joining my podcast recently also.”

MG has made an effort to reach out to what it considers to be growing companies in the Southeast region since the organization plans to expand its offices between Florida and Virginia over the next two years. The company believes in transparency and knows that learning about the markets it is interested in will be easier by sharing information about itself and getting to know the moving companies active in those areas.

NexMuv CEO Wes Struebing also attended the October Moving Titan Retreat and is appreciative of the venue as a way for companies to actually begin working together, as NexMuv has with MG. “MG Moving has been a great client for us and we look forward to continuing to expand our working relationship,” says Struebing. “There is no substitute for spending time with clients and getting to know them better.”

John Hamilton, CEO of Brooks Moving and Hauling, had a great retreat as well and agrees that the bonds made at the event form lasting relationships that pay off in the long run.

“I have appreciated working with Steve and MG Moving and consider them a strategic partner in advancing our company,” says Hamilton. “The retreat was a great opportunity for attending companies to learn from each other and share best practices.”

MG Marketing Director Andy Lopez is extremely pleased with how involved the company is with events like the retreat and sees value in them that far outweigh the more traditional association events that he suggests have started to fragment. “The energy associated with the Moving Titans Retreat is a huge step up from anything we have been to before,” he says. “We do business with many of the groups we have met through the retreat, and based on how well this went I definitely see us growing that number of strategic partnerships in the future.”

CEO Kuhn is excited about the new MG Moving brand and the momentum that many of the relationships have gained that were formed at outreach events like the Moving Titan Retreat.

“We absolutely will continue to be active in almost all industry events and consider mentorship to be a part of our mission,” says Kuhn, “and I cannot tell you how much we appreciate all the companies we work and partner with. When our partners grow it means we are growing too.”

Follow us on Facebook, LinkedIn, and Instagram or visit our website at www.mgmoving.com

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SOURCE MG Moving Services

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UNITED STATES COAST GUARD PRESENTS A FREE STEM SATURDAY FESTIVAL FOR KIDS K-12: “What Floats Your Boat?” Learn about Buoyancy & Density

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CLEVELAND, Oct. 24, 2024 /PRNewswire/ —

WHAT:  

Created by STEM Global Action (SGA), STEM SATURDAY events offer a unique in-person, community-based learning experience for students and parents to explore STEM together. Students engage in captivating, hands-on, inquiry-based activities where they can ask questions, conduct experiments, design and build solutions, and engage in three-dimensional learning at community sites. This FREE interactive STEM SATURDAY event promises an engaging morning filled with hands-on STEM activities, providing students with a one-of-a-kind opportunity to build and test their boats!

Participants can expect:

Engaging, interactive experimentsTeamwork and problem-solving challengesFun learning about the principles of buoyancy and density

Registration is required to ensure a spot at this exciting event. Spaces are limited, so we encourage families to register by scanning the QR code or visiting: registration.stemnola.com.

In addition to K-12 students, we are seeking enthusiastic college students and STEM professionals to volunteer and help make this event a success. Volunteers will receive a $50 stipend for their time. Interested individuals can register here: https://forms.gle/hG5SqPhiWgQiyGTBA.

SGA is dedicated to exposing, engaging, and inspiring future innovators, creators, makers, and entrepreneurs in grades K-12 through STEM-based activities. Our mission aligns with the vision of the United States Coast Guard to foster an interest in science, technology, engineering, and mathematics among the youth.

WHO:  

The United States Coast Guard STEM Global Action

WHERE:

Arnold Pinkney East Professional Center1349 E 79th St, Cleveland, OH 44103

WHEN:

Saturday, October 26, 2024 

Media Contact:

Jim Pittman, 504-583-5862, jpittman@stemnola.com

View original content:https://www.prnewswire.com/news-releases/united-states-coast-guard-presents-a-free-stem-saturday-festival-for-kids-k-12-what-floats-your-boat–learn-about-buoyancy–density-302286117.html

SOURCE STEM Global Action

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