logo
logo

Third Wave Automation Announces Strategic Investment From Qualcomm Ventures And Zebra Technologies

Feb 15, 2023over 2 years ago
California

Investors

Zebra TechnologiesQualcomm Ventures

Description

Third Wave Automation (TWA), provider of high-reach autonomous forklifts, today announced a strategic investment by Qualcomm Ventures and Zebra Technologies, bringing total funding to $70 million.

Company Information

Company

Third Wave Automation

Location

California, United States

About

Third Wave Automation™ (TWA) was founded in 2018 in Union City, Calif., to alleviate increasing supply chain stress using intelligent automation products and services. The first of its products, the TWA Reach, is the only 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. TWA 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 collaborative autonomy platform, TWA's fleet management system provides the visibility and tools needed to effectively manage fleets of automated forklifts and respond to edge cases in a timely and effective manner. The Third Wave Automation solution easily integrates into existing workflows with no costly infrastructure changes commonly required by traditional automation solutions and gives customers an immediate impact with benefits from day one. For more information, visit thirdwave.ai.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Related People