Third Wave Automation

Machinery : Industrial Robot : Material Handling

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Union City, California, United States

VC-B; Norwest Venture Partners, Innovation Endeavors, Eclipse, Toyota Ventures, Qualcomm, Zebra Technologies

Third Wave Automation™ (TWA) was founded in 2018 in Union City, CA, to alleviate increasing supply chain stress using intelligent automation products and services. Leveraging machine learning and artificial intelligence to create its Collaborative Autonomy Platform™, TWA brings people and automated systems together to improve throughput, efficiency, and safety beyond what either people or automation could achieve alone. The Collaborative Autonomy Platform™ combines hybrid autonomous vehicles, intelligent fleet management, remote operation, and assistance capabilities to provide holistic materials handling solutions that improve over time. TWA’s platform requires no infrastructure upgrades, integrates into existing workflows, and delivers immediate value to customers on deployment.

Assembly Line

Third Wave Automation Announces Strategic Investment from Qualcomm Ventures and Zebra Technologies

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Third Wave Automation, Qualcomm, Zebra Technologies

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. The strategic investment will enable TWA to accelerate new innovations as its first product expands its select pilot program. With the funding, TWA plans to expand its market offerings, accelerate new solutions for automating other classes of forklifts, including narrow aisle and counterbalance trucks and integrate with automation solutions, such as Fetch Robotics, which is now part of Zebra Technologies.

Read more at PR Newswire