Heartland Ventures’ Post

"Exciting News to Share! Third Wave Automation Raises $27M to Scale Autonomous Forklifts!" We’re thrilled to announce a Series C funding round led by Woven Capital, Toyota's Growth Fund, with support from Innovation Endeavors, Norwest Venture Partners, and Qualcomm Ventures—bringing our total raised to $97M. ✔ This investment drives our mission forward to scale the Shared Autonomy Platform and expand manufacturing for our TWA Reach forklifts, empowering more efficient and safe autonomous warehouse operations. →  Read the full press release here (on our new website!): https://lnkd.in/gm7hYeYS ----------------------------------------- Want to learn more without a sales pitch? 1. Message us directly on this page 2. Reach out to info@thirdwave.ai #warehouseautomation #industrialautomation #sharedautonomyplatform #autonomousforklifts

🏦 OpenAI showed us what is possible when you apply AI to enterprise workflows on the office floor. 🏭📦 We think AI has the ability to fundamentally transform not just the office floor, but also the factory floor and the warehouse floor. Industrial applications of AI will supercharge productivity and drive efficiency gains while enhancing safety. It is with this thesis that Woven Capital is leading the Series C round for Third Wave Automation which is delivering impressive ROI for warehouses across the U.S. with their autonomous forklifts offering. Nicole LeBlanc, CPA Prashant Kumar Bothra Jarek Khoilian Read the full press release below -

Exciting news! Freespace Robotics closed a lead investment! We're thrilled to announce that US Steel (NYSE: X) invested into Freespace Robotics, marking a significant milestone for our portfolio company. This investment follows closely on the heels of our partnership with Fives Intralogistics Corp., launching today at #MODEX2024, and an initial investment by NFI Ventures, LLC, the venture arm of North America’s leading 3PL, NFI! The lead investment sets the Pittsburgh based Freespace Robotics valuation at $50 million dollars. Here's to an incredibly promising 2024 ahead! 🚀 https://lnkd.in/eNS988wZ #FreespaceRobotics #SeriesA #Investment #Partnership #MODEX2024" Robert J. Szczerba Michael Lutzky Karl Sanchack Allison Myers James Cook, CFA Greg Cronin John Sidell Eric Brown Jared Szychter #modex2024 #supplychain#warehouseautomation #logisticsinnovation#robotics #3plsolutions #storagesolutions

More AI-powered robots will be coming to U.S. warehouses now that end-to-end robotic solutions company Brightpick has received a $12 million funding boost. This new support from EBRD Venture Capital brings the Photoneo spinoff's total funding to $47 million. The company’s flagship product, the Brightpick Autopicker, has gained significant traction in the U.S.—a market expected to account for 50% of Brightpick's revenue in 2024. Get the details: https://hubs.la/Q02-GzBR0 #AIRobots #WarehouseRobots #FundingRobotics

As our Slip Robotics co-investor Thiago Olson says “With 100s of robots deployed at customers sites like John Deere Nissan Motor Corporation Valeo Group, & GE, Slip is improving dock operations and safety by more than 10x” DCVC believes that every human doing hard work should have superpowers, with robot and AI innovation *serving humans* And we’d rather invest in getting a dock foreman home to his or her family safer and earlier than in a yet another rogue AI chatbot, any day of the week 💪

💰$100M in Funding For Vecna💰 Vecna Robotics today announced the closure of their Series C funding round, accumulating $100 million, with $40 million in new funding. The American firm, based out of Massachusetts, have also recently appointed Michael Helmbrecht as Chief Operating Officer to help them during a time of such growth. CEO of Vecna Robotics, Craig Malloy, said, “Finalizing this capital raise, with the help of our existing investors and a new financing partner, is huge validation that we are on the right track." "With fresh capital secured, we have the balance sheet to help us drive growth with our existing customers", Malloy continued, "improved product performance and the release of new automation technology that will change the game for material handling in warehousing and distribution.” Read more on this exciting development for Vecna through the link below: #funding #intralogistics #robotics

Congratulations to our portfolio company, Fox Robotics! 🎉 Their new partnership with KION North America underscores AI and robotics' transformative role in streamlining processes, enhancing safety, and driving operational efficiency. Together, KION North America and Fox Robotics are revolutionizing warehouse operations while advancing supply chain automation. 🚀 Read more ⬇️ #Innovation #SupplyChain #Automation #Robotics

DF Automation & Robotics just secured $1.85M to accelerate its autonomous robots for factory automation 🤖. With big clients like Panasonic and Samsung, the Malaysian pioneer is set to scale globally. #RoboticsInnovation https://lnkd.in/gFmArrV8

Is a pallet truck AGV the right material handling solution for YOUR business? Our new in-depth guide is here to help answer just that question: https://hubs.la/Q02WzKnj0 💡 In these times of hiring and retention challenges, pallet truck AGVs enable companies to automate those internal transport processes previously carried out by humans operating pallet jacks or small forklifts. The result? 👍 Materials get moved in a predictable, reliable manner 👍 Existing staff can work on more interesting, higher value tasks 👍 On-site safety is improved ❓ So what should you consider when investing in, and integrating, pallet AGVs? We interviewed three expert producers to find out. Read the in-depth guide here: https://hubs.la/Q02WzKnj0 A HUGE thank you to our partners Karter - Autonomous Mobile Robots, Nipper B.V. and Stöcklin Logistik AG for their collaboration on this project.

Seegrid secures $50M in Series D funding to accelerate innovation in autonomous robots Seegrid has closed a $50 million Series D funding round, financed by Giant Eagle Incorporated and G2 Venture Partners, along with other existing shareholders. This investment will allow Seegrid to accelerate its initiatives in the autonomous forklift market, a segment experiencing greater than expected growth and projected to reach $3.5 billion by 2027. Joe Pajer, President and CEO of Seegrid, stated: "Unrelenting labor shortages and wage inflation, accompanied by increasing consumer demand, are driving rapid market adoption of autonomous technologies in manufacturing, warehousing and logistics." Read more: https://lnkd.in/dKzhbCFD #Innovation #AutonomousTechnology #MobileRobots #Investment #Logistics #Automation #Seegrid #AMR