SEATTLE, May 20, 2024 (GLOBE NEWSWIRE) -- Overland AI, a Seattle-based pioneer in off-road ground vehicle autonomy for the defense sector, today announced it has secured $10 million in seed funding, led by Point72 Ventures with participation from Shasta Ventures, Ascend VC, Pioneer Square Labs, Voyager Capital, and Cubit Capital. In addition to fueling Overland AI's plans to increase its workforce — with a focus on hiring top engineering talent — the financing will support expanded development and testing of the company's OverDrive software, a vehicle-agnostic solution that enables autonomous navigation of off-road terrain in any environmental conditions at speeds up to 45 mph. The technology is poised to meet a growing demand for autonomous off-road capabilities — particularly in the defense sector, where emerging innovations are accelerating the pace of advanced robotics adoption to enhance safety in the field. The U.S. Army and Defense Innovation Unit (DIU) recently awarded a $18.6 million ceiling prototype Other Transaction (OT) ...