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Third Wave Automation

33231 Transit Avenue
Union City, CA 94587
Website Company Summary Management Team

CEO: Arshan Poursohi (5/31/2018)
General Management: Julian Mason (4/30/2018)
Technology: James Davidson (5/31/2018)


Business description: Third Wave Automation has developed a breakthrough in machine learning, computer vision and robotic material handling. We call it shared autonomy. We're building the world's most advanced autonomous forklift - revolutionary increases in safety, efficiency, and throughput. We enable forklifts to perform complex tasks using shared autonomy — generally operating independently, but able to ask for help when encountering a challenge. When stuck, an operator answers the forklift's questions and trains the forklift through the challenge. At scale, our system will enable a single forklift operator to orchestrate dozens of forklifts from a safe, comfortable seat in a climate controlled room. Our hardware+software suite achieves a rapid return on investment.

Rounds: 1
Recent Fundings: Jun 2020
Capital raised: 15.0M
Last Round: 15.0M
Ownership: Private  
VCs include: Innovation Endeavors Eclipse Ventures ;  Homebrew VC;  Heartland VC;  Toyota Ventures
Corporate investors: Toyota AI Ventures

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Record updated: Jun 2020
Rounds: 1
Recent Fundings: Jun 2020
Capital Raised: 15.0M
Last Round: 15.0M
Ownership: Private