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Teleo Secures $12 Million Series A To Turn Construction And Mining Equipment Into Semi-Autonomous Robots

Jun 08, 2022•about 3 years ago

Amount Raised

$12 Million

Round Type

series a

Palo Alto

Description

Teleo is a construction robotics company that retrofits construction and mining heavy equipment to turn them into semi-autonomous robots. Today, they announced they have raised $12M in Series A funding led by UP.Partners. F-Prime Capital and K9 Ventures also joined the round, as did Trucks Venture Capital, who led their seed round, along with several angel investors. This funding will enable Teleo to scale the deployment of their product and further invest in R&D in Teleo Supervised Autonomy technology

Company Information

Company

Teleo

Location

Palo Alto, California, United States

About

This funding will enable Teleo to scale the deployment of their product and further invest in R&D in Teleo Supervised Autonomy technology. "Teleo was founded by two exceptional individuals, with extensive backgrounds in deep technology and autonomy. Teleo is a construction robotics company that retrofits construction and mining heavy equipment to turn them into semi-autonomous robots. This week, Teleo is one of the featured companies at UP.Partners' annual UP.Summit conference, the definitive gathering of the multi-dimensional mobility community, where they demonstrated their (literally) groundbreaking technology to press, fellow mobility tech leaders, as well as the general public at UP.Summit's Community Day event.

Funding Insights

Based on industry data
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