Address
Third Wave Automation
Union City, CA
United States
VCID: 17605047
Profile
Corporate information
Registration country
Company type
Maker of autonomous forklifts.Third Wave Automation was founded in 2018 in Union City, Calif., to alleviate increasing supply chain stress using intelligent automation products and services. The TWA Reach is the only high-reach forklift automation solution on the market today that offers users the flexibility to deploy their fleet in four modes: fully autonomous, remote operation, remote assist, and manual operation. Third Wave Automation brings people and automated systems together to improve throughput, efficiency, and safety beyond what people or automation could achieve alone.
Leveraging machine learning and artificial intelligence to create its Shared Autonomy Platform, Third Wave Automation's Armada Fleet Management System provides the visibility and tools needed to effectively manage fleets of automated high-reach forklifts and respond to edge cases in a timely and effective manner. The Third Wave Automation solution easily integrates into existing workflows without costly infrastructure changes commonly required by traditional automation solutions. Customers immediately realize the benefits from day one.
Funding
Funding rounds
Series C USD 27,000,000
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Woven Capital | Toyota's growth fund. | Initial investment. Led the round. | |
|
Innovation Endeavors | Early-stage venture capital firm that invests in mission-driven founders, transformational technologies, and emergent ecosystems. | Initial investment. Round participant. | |
|
Norwest Venture Partners | Venture capital firm. | United States | Initial investment. Round participant. |
|
Qualcomm Ventures | The corporate venturing arm of Qualcomm. | United States | Initial investment. Round participant. |
Cap Table
Current and past shareholders
| Investor | Contacts | Round | |
|---|---|---|---|
|
|
Innovation Endeavors Early-stage venture capital firm that invests in mission-driven founders, transformational technologies, and emergent ecosystems. |
+1 (650) 316-6309 |
Series C |
|
|
Norwest Venture Partners Venture capital firm. |
+1 (650) 321-8000 |
Series C |
|
|
Qualcomm Ventures The corporate venturing arm of Qualcomm. |
+1 (858) 651-7287 |
Series C |
|
|
Woven Capital Toyota's growth fund. |
Series C |