What is Third Wave Automation?
Founded in 2018 and headquartered in Union City, CA, Third Wave Automation (TWA) is dedicated to addressing escalating supply chain pressures through advanced intelligent automation solutions. The company's core offering, the Shared Autonomy Platform, harnesses machine learning and artificial intelligence to foster seamless collaboration between human operators and automated systems. This synergy aims to enhance throughput, boost efficiency, and improve safety, surpassing the capabilities of either human or automated systems operating in isolation. TWA's focus on integrating AI and machine learning positions it as a key player in the evolving landscape of industrial automation.
How much funding has Third Wave Automation raised?
Third Wave Automation has raised a total of $82M across 3 funding rounds:
Series A
$15M
Series B
$40M
Series C
$27M
Series A (2020): $15M, investors not publicly disclosed
Series B (2021): $40M led by Innovation Endeavors, Eclipse, Toyota Ventures, and Norwest Venture Partners
Series C (2024): $27M supported by Qualcomm Ventures, Norwest Venture Partners, and Woven Capital
Key Investors in Third Wave Automation
Qualcomm Ventures
Qualcomm Ventures is a global corporate venture firm that invests in early to growth stage technology companies, aiming to support entrepreneurs in building revolutionary businesses. With over 25 years of experience, the firm has a portfolio of 360 companies and manages $2 billion in assets. Qualcomm Ventures provides access to leading technology, domain expertise, and a robust network to help companies scale effectively. The firm focuses on various sectors including AI, automotive, mobile, enterprise, and smart systems.
Norwest Venture Partners
Founded in 1961, Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm. The company is headquartered in Palo Alto, California with offices in India and Israel.
Woven Capital
Woven Capital specializes in empowering clients to make informed financial decisions through personalized financial planning and wealth management services. They focus on socially responsible investment strategies tailored to individual values and life goals, without imposing asset minimums. Their tech-savvy approach utilizes the latest financial planning tools to seamlessly integrate into clients' lives. Woven Capital operates under a fee-only model to ensure transparency and prioritize client interests over commission-based products.
What's next for Third Wave Automation?
The substantial enterprise-level backing and recent strategic investment signal a pivotal phase for Third Wave Automation. This capital infusion is expected to accelerate product development, expand market reach, and further enhance the capabilities of its Shared Autonomy Platform. The company's focus on combining human intelligence with AI-driven automation is well-aligned with the increasing demand for sophisticated supply chain solutions. Future growth will likely involve deeper integration into various industrial sectors and continued innovation in autonomous systems, solidifying TWA's position as a leader in intelligent automation.
See full Third Wave Automation company page
