UNION CITY, CA, Third Wave Automation, provider of autonomous high-reach forklifts powered by Shared Autonomy, closed a $27 million Series C round led by Woven Capital.
Third Wave Automation, provider of autonomous high-reach forklifts powered by Shared Autonomy, closed a $27 million Series C round led by Woven Capital, Toyota's growth fund. Return investors Innovation Endeavors, Norwest Venture Partners and Qualcomm Ventures joined the round, bringing total capital raised to $97 million. The funding will enable Third Wave to scale its pioneering Shared Autonomy 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.
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