Third Wave Automation Overview
- Year Founded
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2018
- Status
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Private
- Employees
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57
- Latest Deal Type
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Series C
- Latest Deal Amount
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$27M
- Investors
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11
Third Wave Automation General Information
Description
Manufacturer of an autonomous forklift technology designed to deliver general, robust, precise, and correct automated movement of material and inventory. The company's technology combines deep learning research with modern robotics and software practices to bring autonomy and immediately improve warehouse throughput, enabling supply chain and logistics industries to get robust vehicle navigation and infrastructure-free pallet handling that adapts to changing floor configurations and warehouse demand as well as to make forklift operations safer, smarter, and more efficient.
Contact Information
Website
www.thirdwave.aiCorporate Office
- 30118 Eigenbrodt Way
- Union City, CA 94587
- United States
Corporate Office
- 30118 Eigenbrodt Way
- Union City, CA 94587
- United States
Third Wave Automation Timeline
Third Wave Automation Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Later Stage VC (Series C) | 30-Oct-2024 | $27M | Completed | Generating Revenue | ||
| 4. Later Stage VC (Series B) | 17-Feb-2023 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series B) | 04-Aug-2021 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 23-Jun-2020 | $15M | $19M | Completed | Generating Revenue | |
| 1. Seed Round | 01-Jun-2018 | $4M | $4M | Completed | Startup |
Third Wave Automation Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | ||||||||
| Series B | ||||||||
| Series A | 9,015,526 | $0.000100 | $1.66 | $1.66 | 1x | $1.66 | 16.55% | |
| Seed | 3,832,516 | $0.000100 | $1.04 | $1.04 | 1x | $1.04 | 7.03% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Third Wave Automation Comparisons
Industry
Financing
Details
Third Wave Automation Competitors (26)
One of Third Wave Automation’s 26 competitors is Balyo, a Formerly VC-backed company based in Arcueil, France.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Balyo | Formerly VC-backed | Arcueil, France | ||||
| Rethink Robotics | Formerly VC-backed | Hebron, KY | ||||
| E80 Group | Private Equity-Backed | Viano, Italy | ||||
| Clearpath Robotics | Formerly VC-backed | Kitchener, Canada | ||||
| BlueBotics | Formerly PE-Backed | Saint-Sulpice, Switzerland |
Third Wave Automation Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Third Wave Automation Patents
Third Wave Automation Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20250282590-A1 | Methods and apparatus for checking the size of goods and confirming sufficient room for safe placement of goods in a storage location | Pending | 09-Mar-2024 | ||
| US-20250282596-A1 | Methods and apparatus for using a pallet position sensor output to facilitate safe material handling operations | Pending | 09-Mar-2024 | ||
| US-20250282591-A1 | Methods and apparatus for using lights to indicate detection of obstacles by a robotic device such as an autonomous material handling vehicle | Pending | 09-Mar-2024 | ||
| EP-4499559-A1 | Methods and apparatus for supporting remote control operation of devices taking into consideration communications latency, environmental conditions, and/or a task to be performed | Pending | 27-Mar-2022 | ||
| US-12210342-B2 | Methods and apparatus for supporting remote control operation of devices taking into consideration communications latency, environmental conditions, and/or a task to be performed | Active | 27-Mar-2022 | G05D1/0022 |
Third Wave Automation Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Third Wave Automation Investors (11)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| eGateway Capital | Growth/Expansion | Minority | ||
| Woven Capital | Corporate Venture Capital | Minority | ||
| Qualcomm Ventures | Corporate Venture Capital | Minority | ||
| Zebra Ventures | Corporate Venture Capital | Minority | ||
| Crown Predator Holdings | Family Office | Minority |
Third Wave Automation FAQs
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When was Third Wave Automation founded?
Third Wave Automation was founded in 2018.
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Where is Third Wave Automation headquartered?
Third Wave Automation is headquartered in Union City, CA.
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What is the size of Third Wave Automation?
Third Wave Automation has 57 total employees.
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What industry is Third Wave Automation in?
Third Wave Automation’s primary industry is Other Hardware.
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Is Third Wave Automation a private or public company?
Third Wave Automation is a Private company.
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What is the current valuation of Third Wave Automation?
The current valuation of Third Wave Automation is .
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What is Third Wave Automation’s current revenue?
The current revenue for Third Wave Automation is .
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How much funding has Third Wave Automation raised over time?
Third Wave Automation has raised $96M.
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Who are Third Wave Automation’s investors?
eGateway Capital, Woven Capital, Qualcomm Ventures, Zebra Ventures, and Crown Predator Holdings are 5 of 11 investors who have invested in Third Wave Automation.
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Who are Third Wave Automation’s competitors?
Balyo, Rethink Robotics, E80 Group, Clearpath Robotics, and BlueBotics are some of the 26 competitors of Third Wave Automation.
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