Seegrid Raises $25 Million in Growth Equity
03/31/20, 11:01 AM
Location
pittsburghMoney raised
$25 million
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 Info
Company
Seegrid
Location
pittsburgh, pennsylvania, united states
Additional Info
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