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Seegrid Raises $25 Million in Growth Equity

Mar 31, 2020•over 5 years ago

Amount Raised

$25 Million

Pittsburgh

Description

Seegrid, the leader in self-driving industrial vehicles for material handling, today announced that it has closed a $25 million growth equity investment from G2VP, a venture capital firm focused on investing in industrial technology companies. Specific financial terms were not disclosed, however, the company indicated that the investment reflects a multi-hundred million dollar valuation.

Company Information

Company

Seegrid

Location

Pittsburgh, Pennsylvania, United States

About

Seegrid combines infrastructure-free vision guided vehicles, fleet management software, and actionable analytics for a complete, connected, material handling solution. Seegrid Vision navigation technology is reliable, flexible, and proven with millions of autonomous production miles driven and zero personnel safety incidents. Manufacturing, warehousing, and logistics companies around the world leverage Seegrid smart automation solutions. With Seegrid’s best-in-class service and support that extends from project design through deployment and training, material flow is both safe and optimized, accelerating Industry 4.0 initiatives today and into the future. www.seegrid.com

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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