Third Wave Automation

About Third Wave Automation

Third Wave Automation is a company focused on revolutionizing materials handling through AI-powered autonomous forklifts and intelligent fleet management systems. Their mission is to enhance warehouse operations by combining automation with human oversight, ensuring safety, efficiency, and adaptability while reducing costs and improving productivity.

Products & Services

Shared Autonomy Platform:A hybrid system of autonomous TWA Reach forklifts and ArmadaFMS (Fleet Management System) with remote operation capabilities, offering adaptable, scalable, and safe warehouse solutions with modes including fully automated, remote assist, remote operation, and manual operation.

TWA Reach:The world's first Shared Autonomy powered reach truck, designed for improved efficiency, stability, cost savings, scalability, precision, accuracy, and unparalleled safety. It operates in narrow aisles with a maximum height of 366 inches and a payload capacity of 4,000 lbs.

ArmadaFMS (Fleet Management System):A system for managing fleets of autonomous forklifts, enabling operators to execute workflows, monitor operations, respond to system requests, and configure warehouse zones dynamically with features like remote exception handling and operation.

Robots-as-a-Service (RaaS):A subscription-based model offering autonomous forklifts with a fixed monthly fee, 24/7 customer support, and reduced risk to facilitate autonomy adoption without capital expenditure challenges.

Specialties

Autonomous Forklifts Shared Autonomy Technology Fleet Management Systems Warehouse Automation Robots-as-a-Service (RaaS) AI and Machine Learning in Logistics

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Series C T: - FT: Series C	A: 27000000 MR: - FA: 27 million FAN: 27000000	D: 2024-10-30 FD: 2024-10-30	4 investors
2	RT: Venture Capital T: - FT: Venture Capital	A: 70000000 MR: - FA: $70 million FAN: 70000000	D: 2023-02-15 FD: 2023-02-15	2 investors

Series C Latest

2024-10-30

$27.0M

4 investors (Pro only)

Venture Capital 2023-02-15

$70.0M

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

B

Brien Downie

President

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