Tech Company Financing Transactions
Teleo Funding Round
UP.Partners, F-Prime Capital and Triatomic Capital participated in a $16.2 million Series A funding round for Teleo. The financing round was announced on 11/25/2024.
Transaction Overview
Company Name
Announced On
11/25/2024
Transaction Type
Venture Equity
Amount
$16,200,000
Round
Series A
Investors
UP.Partners (Lead Investor) (Adam Grosser)
Proceeds Purpose
The company intends to use the funds to scale customer deployments and continue its expansion in new industries that use heavy machinery, such as wheel loaders, terminal tractors, excavators, to enhance its AI capabilities, including advancing autonomous features, integrating large language models (LLMs), and collecting real-world data to continue training AI models.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
292 Lambert Ave.
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Undisclosed
Website
Email Address
Overview
Teleo was founded to provide a novel incremental pathway to full autonomy, starting now. The Teleo Supervised Autonomy technology lets construction companies retrofit their existing fleets of heavy equipment to supercharge productivity, save money, and make being an equipment operator safe and comfortable.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Vinay Shet
Chief Technical Officer
Rom Clement
VP - Operations
Sean Harrington
VP - Sales
Mark Piotto
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