Third Wave Automation
Forklift automation systems
- 21-100 employees
- B2B
- Artificial Intelligence
- Enterprise
- Logistics
- Freight
- Deep Tech
- Robotics
- Machine Learning
- SaaS
- Automation
- Cloud Computing
- Union City, CA
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Company mission
To maximize human potential with powerful autonomous technology.
Our take
The global use of material handling equipment is growing rapidly due to growth in eCommerce markets, and this requires a huge increase in recruitment. To reduce the costs of this, businesses are turning to solutions that offer automated material handling equipment, as opposed to hiring more staff.
Third Wave Automation produces 'shared autonomy' forklifts that are controlled in mass fleets by a remote operator. Whilst its core aim is to optimize workflows in warehouses and reduce employment costs, the company also believes that its AI-forklifts will reduce forklift-related workplace injuries in the US.
Third Wave Automation claims that competitors automate only a fraction of the functionality of a forklift, unable to complete tasks such as reaching high places. The company has integrated artificial intelligence and machine learning to their forklifts, aiming to eventually remove the human remote-controller all together, and has secured impressive funds that will enable it to accelerate innovation, expand its pilot program, and strive towards new solutions for automating other classes of forklifts.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Comprehensive benefits - Health, Dental, Vision, and a 401k matching program, to boot!
- Flexible working schedule - Be productive when you work best.
- Show & Tell - We love to learn from one another, and see the cool stuff everyone is working on!
- Meals are covered - Lunch is provided every day, and dinner for those evenings that run long.
- Stacks of snacks - Donuts are a main food group, and the snack shelf is always stocked with a wide variety of items.
- Great teammates - One of the best parts of working here!
Funding (last 2 of 3 rounds)
Oct 2024
$27m
SERIES C
Aug 2021
$40m
SERIES B
Total funding: $82m
This company has top investors
Leadership
Arshan Poursohi
(CEO)They spent 10 years in research roles at Sun Microsystems before 6 years at Google as a Roboticist. They left their Director of Engineering role at Toyota in 2018 to co-found Third Wave Automation that May.