Exclusive: Defense firm Overland AI raises $32 million
Overland AI raised $32 million in Series A funding and, on the heels of the round, is debuting its OverWatch software that lets a single person coordinate a fleet of smart machines.
- Why it matters: The Pentagon is clamoring for reliable robots and means to supervise them. But ground autonomy is incredibly difficult to get right.
- Overland CEO Byron Boots told Axios the millions will be used to hire more people, sharpen software development and wade into hardware.
- "I know there are a lot of folks who are working on drones and on unmanned aerial vehicles and surface vessels, but there are comparatively fewer in the ground autonomy space," Boots said.
Other players include Applied Intuition Defense, Forterra, Kodiak Robotics and Neya Systems.
"You can imagine, the more complex the environment, the harder this gets," Boots said.