Overland AI Raises $32 Million in Series A Funding to Advance Ground Autonomy for U.S. Defense Forces
SEATTLE, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Overland AI, a technology company developing advanced autonomy for uncrewed ground vehicles (UGVs), today announced a $32 million Series A funding round to accelerate the adoption of its ground capabilities for defense and national security.
The round was led by 8VC, with participation from Point72 Ventures, Overmatch Ventures, Shasta Ventures, Ascend, Osage University Partners, and Caprock. A Ripsaw M5 tracked vehicle that weighs 12 tons running on Overland AI’s autonomy stack, OverDrive, during an operational testing event. Modern warfare has created an urgent challenge for protecting ground forces. As demonstrated in Ukraine, aerial systems and distributed sensors, as well as large numbers of UGVs that are poised for deployment, leave these ground forces increasingly exposed. We are in a race to save soldiers’ lives. The United States must accelerate its development of ground autonomy to operate in places that are more dangerous for humans.