Overland AI Raises $10M in Seed Funding to Advance Off-Road Autonomous Vehicle Technology for Defense
Overland AI specializes in ground vehicle autonomy for the defense industry, focusing on the unique challenges of off-road mobility.
Company Name: Overland AI
Location: Seattle, WA
Sector: Defense, Autonomous Vehicle Technology
Funding Details: Raised $10M in Seed funding. The round was led by Point72 Ventures, with participation from Shasta Ventures, Ascend VC, Pioneer Square Labs, Voyager Capital, and Cubit Capital.
Purpose of Investment: To expand operations and enhance the development and testing of its OverDrive software.
Leadership: Led by CEO Byron Boots.
Product: Overland AI develops OverDrive, a vehicle-agnostic software that enables autonomous navigation of off-road terrain under any environmental conditions at speeds up to 45 mph. This technology is designed for complex and contested off-road environments, catering specifically to the defense sector.
About Company: Overland AI specializes in ground vehicle autonomy for the defense industry, focusing on the unique challenges of off-road mobility. The company's innovations are crucial for enhancing the capabilities of defense vehicles in rugged and hostile environments.
