CompanyVerified
Overland AI
Seattle-based builder of ULTRA, an autonomous ground-vehicle platform for off-road military logistics/resupply and ground autonomy.
Overland AI is a Seattle-based company spun out of the University of Washington's Robot Learning Laboratory, founded in 2022 by Byron Boots (CEO) and Stephanie Bonk (President). It builds ULTRA, an autonomous ground-vehicle (UGV) platform for off-road military logistics, resupply, and ground autonomy, and has since won a Pentagon/Marine Corps production contract.
Overview
- Headquarters
- Seattle, Washington, USA
- Founded
- 2022
- Employees
- 100+
- Total funding
- $142M
- Stage
- Series A
- Status
- active
- Domains
- Unmanned ground vehicles, Defense logistics, Robotics and autonomy
- Website
- www.overland.ai/
Founders3
- FounderByron BootsCEO and co-founder of Overland AI, spun out of the University of Washington's Robot Learning Lab, which he directed as the Amazon Endowed Professor of Machine Learning. BA Computer Science & Philosophy, Bowdoin College; MS/PhD Machine Learning, Carnegie Mellon; previously assistant professor at Georgia Tech (2014). Principal Investigator on DARPA RACER.
- FounderStephanie BonkPresident and co-founder of Overland AI. BS Industrial Engineering, Purdue; MBA, Wharton (UPenn); roughly 12 years of software/product experience including Apple and PROS (dynamic-pricing SaaS), and was Director of Strategic Initiatives at UW's Robot Learning Lab before co-founding Overland AI.
- FounderGreg OkopalCOO and co-founder of Overland AI. Master's and PhD in Electrical Engineering, University of Pittsburgh; 15+ years developing autonomous systems, sensors, and algorithms for DoD applications, including Co-PI on DARPA RACER, Co-PI/Software Lead on DARPA Aerial Dragnet, and software lead roles on UW's LDUUV and an ONR autonomous-sampling program. Two-time visiting researcher at the NATO Centre for Maritime Research and Experimentation.
Investors14
- Fund8VCVC firm founded by Palantir co-founder Joe Lonsdale, active in defense technology.
- FundPoint72 VenturesVC arm of Point72 with dedicated defense tech investment practice.
- FundValor Equity PartnersChicago growth-equity firm; led Anduril's Series E round.
- FundShasta VenturesVenture capital investor in Overland AI's Seed and Series B rounds.
- FundLightspeed Venture PartnersGlobal venture capital firm; participated in Overland AI's Series A and both of Orqa's Seed and Series A rounds.
- FundAscend VCVenture capital investor across Overland AI's Series A and Series B rounds.
- FundOvermatch VenturesDefense-focused venture capital investor in Overland AI's Series A and Series B rounds.
- FundStepStone GroupPrivate markets investment firm; participated in Overland AI's $100M Series B (Feb 2026).
- FundTriplePoint CapitalVenture-lending/growth-finance firm; participated in Overland AI's $100M Series B (Feb 2026).
- FundOsage University PartnersVenture capital firm that invests alongside university technology-transfer offices in spinouts commercializing academic research, sharing returns back with affiliated institutions; participated in Overland AI's $32M Series A (Jan 2025), reflecting the company's University of Washington origins.
- FundVoyager CapitalSeattle-based venture capital firm founded in 1997, focused on early-stage B2B tech in the Pacific Northwest and Western Canada; participated in Overland AI's $10M Seed round (May 2024).
- FundPioneer Square LabsSeattle-based startup studio and early-stage venture fund (PSL Ventures) investing in Pacific Northwest tech companies; participated in Overland AI's $10M Seed round (2024).
- FundCubit CapitalDallas-based early-stage venture capital firm and investment arm of the Rees-Jones family office; participated in Overland AI's $10M Seed round (2024).
- FundCaprockBoise-based multi-family office and wealth manager that makes private-market and venture co-investments for ultra-high-net-worth clients; participated in Overland AI's $32M Series A round (Jan 2025).
Cap table0
Approximate ownership by holder. Indexed holders link to their records.
Raised per round
Raised: $100M
Percentages marked ~ are not disclosed. Some are a generic VC-pattern model (founders/team weighted heaviest, option pool lightest, other holders evenly) sized to whatever's left undisclosed — a standard industry shape, not this company's actual cap table.
| Holder | Instrument | Ownership |
|---|---|---|
| Preferred (Series B) | ~12.5% | |
| Preferred (Series B) | ~12.5% | |
| Preferred (Series B) | ~12.5% | |
| Preferred (Series B) | ~12.5% | |
| Preferred (Series B) | ~12.5% | |
| Preferred (Series B) | ~12.5% | |
| Preferred (Series B) | ~12.5% | |
| Preferred (Series B, Lead) | ~12.5% |
Contracts3
- ContractPrototype OT — Autonomous Navigation for Robotic Combat Vehicles24-month, $18.6M-ceiling prototype Other Transaction agreement to develop an autonomous navigation stack for the U.S. Army's Robotic Combat Vehicle (RCV) program.
- ContractxTechOverwatch Award — 1st Cavalry Division Autonomous Ground Vehicles$2M Army award, following an xTechOverwatch competition win, to put Overland AI's autonomous ground vehicles into the hands of 1st Cavalry Division Troopers for autonomous route clearance, overwatch, and tethered-drone ISR.
- ContractMADIS Production Contract — Autonomous Ground VehiclesProduction contract for ULTRA autonomous ground vehicles supporting the Marine Air Defense Integrated System (MADIS) for resupply/logistics; Overland AI states this is the first ground-autonomy company to prime a DoD production contract. Initial deliveries expected early 2027, full delivery by October 2027.
Frequently asked
- What does Overland AI do?
- Overland AI is a Seattle-based company spun out of the University of Washington's Robot Learning Laboratory, founded in 2022 by Byron Boots (CEO) and Stephanie Bonk (President). It builds ULTRA, an autonomous ground-vehicle (UGV) platform for off-road military logistics, resupply, and ground autonomy, and has since won a Pentagon/Marine Corps production contract.
- Where is Overland AI headquartered?
- Overland AI is headquartered in Seattle, Washington, USA and was founded in 2022.
- How much funding has Overland AI raised?
- Overland AI has raised $142M in disclosed funding.
- What does Overland AI specialize in?
- Overland AI works across Unmanned ground vehicles, Defense logistics, Robotics and autonomy.
- Does Overland AI hold government contracts?
- Defense Tech Atlas links Overland AI to 3 government contracts and 1 program.
Sources & citations4
4 sources behind every claim
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