Startup profile · funding coverage
Overland AI funding, valuation and investors
Seattle defense-tech company building off-road ground autonomy for U.S. military — OverDrive stack, SPARK upfits, and ULTRA vehicles.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$80M equity (+ $20M venture debt) · February 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$32M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b · Seattle, Washington, USA
Investors in latest funding
Lead: 8VC
Other: Point72 Ventures , Ascend Venture Capital , Shasta Ventures , Valor Equity Partners , StepStone Group
Overview
Overland AI, founded in 2022 in Seattle by Byron Boots (University of Washington Robot Learning Lab director) and team, delivers autonomous ground systems for the U.S. Armed Forces and partner nations. Its OverDrive software stack enables vehicle-agnostic off-road navigation in GPS-denied, electronically contested environments using onboard active and passive sensors. SPARK is a modular autonomy upfit transforming existing fleet vehicles; ULTRA is a fully autonomous tactical vehicle in an attritable form factor; OverWatch provides command-and-control for one-to-many vehicle coordination. The company operates a 22,000-square-foot Seattle production facility, employs 100+ people, and has validated technology through DARPA programs plus Army, Marine Corps, and SOCOM engagements. In February 2026, Overland raised $100M ($80M equity led by 8VC plus $20M venture debt from TriplePoint). In June 2026, it secured a ~$19.7M Marine Corps production contract for autonomous resupply vehicles.
Why Overland AI is interesting
Overland became the first ground-autonomy company to prime a ~$20M Marine Corps production contract in June 2026 — validating off-road autonomy separately from robotaxi narratives, on top of a $100M February raise led by 8VC.
Product & use cases
Overland AI's Autonomous Ground System combines OverDrive off-road autonomy software, SPARK modular vehicle upfits, ULTRA tactical vehicles, and OverWatch C2 — enabling one operator to coordinate multiple robotic systems in contested terrain.
- Marine Corps autonomous resupply for counter-UAS crews in contested environments
- Army and SOCOM off-road logistics in GPS-denied, unstructured terrain
- Rapid SPARK upfits converting existing military fleet vehicles to autonomous operation
- Allied partner nation deployments for uncrewed ground logistics reducing soldier exposure
Key facts
- Series B equity (Feb 2026): $80M led by 8VC plus $20M TriplePoint venture debt — $100M total package
- Marine Corps production contract (Jun 2026): ~$19.7M for 12+ autonomous ground vehicles — first ground autonomy prime on production deal (GeekWire)
- OverDrive validated by DARPA; active programs with Army, Marine Corps, and SOCOM
- 100+ employees; 22,000 sq ft Seattle production facility; GeekWire 200 #9 ranked PNW startup
- Total disclosed funding ~$222M across four rounds (Startup Intros)
- Co-founder Byron Boots: decade of U.S. Army Research Laboratory robotics collaboration
Funding history (newest first)
Series B
2026-02 $80M equity (+ $20M venture debt)- 8VC (lead)
- Point72 Ventures (participant)
- Ascend Venture Capital (participant)
- Shasta Ventures (participant)
- Valor Equity Partners (participant)
- StepStone Group (participant)
Series A
2025-01 $32MSource: https://startupintros.com/news/2026-02-03-overland-ai-series-b
Investors in our directory
Funds linked from Overland AI's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Purpose-built off-road autonomy from UW robotics research with field-test-forward ethos — validated in DARPA competitions and now priming production contracts, not just pilot programs.
Urban self-driving absorbed capital for years while off-road military autonomy was underfunded despite real demand from Ukraine-style conflicts and labor shortages in mining/ag. Overland's production contract milestone suggests DoD is moving from TRL demonstrations to fielded systems — contract velocity matters more than pitch-deck autonomy claims.
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Forterra direct
Off-road autonomy for defense and commercial; Overland differentiates on Marine Corps production prime and SPARK rapid upfit model.
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Applied Intuition adjacent
Autonomy software stack for defense and automotive; Overland ships integrated ground systems and ULTRA vehicles, not just software licensing.
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Anduril Industries adjacent
Broad defense autonomy portfolio (Barracuda, Lattice); Overland specializes in ground vehicle off-road navigation and logistics resupply.
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Kodiak Robotics adjacent
Autonomous trucking with defense variant exploration; Overland focuses on tactical off-road military use cases versus on-road logistics.
Notable stories
- Co-founder Byron Boots spent nearly a decade with the U.S. Army Research Laboratory before founding Overland — the company emerged from UW Robot Learning Lab research, not a pitch-deck pivot (Overland company page).
- Overland became the first ground autonomy company to serve as prime contractor on a U.S. military production deal — the ~$19.7M Marine Corps contract for autonomous resupply vehicles delivering in early 2027 (GeekWire, June 2026).
Industries
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