Third Wave Automation was founded in 2018 in Union City, Calif., to alleviate increasing supply chain stress using intelligent automation products and services. The TWA Reach is the only high-reach forklift automation solution on the market that offers users the flexibility to deploy their fleet in four modes: fully autonomous, remote operation, remote assist, and manual operation. Third Wave Automation 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 Shared Autonomy Platform, Third Wave Automation's Armada Fleet Management System provides the visibility and tools needed to effectively manage fleets of automated high-reach forklifts and respond to edge cases in a timely and effective manner. The Third Wave Automation solution easily integrates into existing workflows without costly infrastructure changes commonly required by traditional automation solutions. Customers immediately realize the benefits from day one.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 10/30/24 | $27,000,000 | Series C |
Innovation Endeavors Norwest Venture Partners Qualcomm Ventures Woven Capital  | undisclosed |
