Tech Company Financing Transactions
Third Wave Automation Funding Round
Third Wave Automation, based in Union City, secured $27 million from Woven Capital, Innovation Endeavors and Norwest Venture Partners.
Transaction Overview
Company Name
Announced On
10/30/2024
Transaction Type
Venture Equity
Amount
$27,000,000
Round
Series C
Investors
Woven Capital (Lead Investor) (Prashant Bothra)
Proceeds Purpose
The company intends to use the funds to scale its platform, expand manufacturing of its multimode TWA Reach forklifts, and support future technology development that advances the use of autonomous forklifts in and around warehouse environments.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
33231 Transit Ave.
Union City, CA 94587
USA
Union City, CA 94587
USA
Phone
Website
Email Address
Overview
We founded Third Wave in 2018 in Union City, California to apply our combined 50+ years of expertise - at Google, Toyota and beyond - and develop real-world robotics applications. Our first product, the world's most advanced autonomous forklift, delivers revolutionary increases in safety, efficiency and throughput by leveraging shared autonomy.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arshan Poursohi
Co-Founder
Julian Mason
VP - Bus. Development
Wade Vesey
VP - Engineering
Katarina Bouma
VP - Engineering
James Bruce
VP - Engineering
Brad Powers
VP - Engineering
John Unkovic
VP - Finance
Andre Sequin
VP - Operations
Jennifer Brown
VP - Product Management
Andrew Chai
VP - Product Management
Michael Meyers
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We do our best to report on every notable VC transaction. All VC database entries on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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