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Third Wave Automation

Other Hardware · Union City, CA · Founded 2018 · Privately Held (backing)

Manufacturer of an autonomous forklift technology designed to deliver general, robust, precise, and correct automated movement of material and inventory. Third Wave Automation is based in Union City, CA and was founded in 2018. Its last known valuation is $171 million. It has raised $96 million across 2 recorded rounds; the latest was a $27 million Series C in Oct 2024.

Last price · $/share
—
Implied valuation
$171.3M
Total raised
$96.0M
Last round
Later Stage VC (Series C)
Oct 2024

Third Wave Automation key facts

  • Manufacturer of an autonomous forklift technology designed to deliver general, robust, precise, and correct automated movement of material and inventory.
  • Third Wave Automation’s last known valuation is $171.3M.
  • It has raised $96.0M across 2 recorded rounds; the latest was Later Stage VC (Series C) ($27.0M) in Oct 2024.
  • Notable investors include Qualcomm Ventures, Norwest, Innovation Endeavors, Toyota Ventures, Eclipse Ventures — 11 tracked in total.
  • Status: Privately Held (backing).
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Third Wave Automation funding rounds

2 rounds
Oct 2024Later Stage VC (Series C)$27.0M▮
Feb 2023Later Stage VC (Series B)$10.0M▮
Full funding history →

Third Wave Automation valuation

Third Wave Automation's last known valuation is $171 million. The figure stands until a priced round, a secondary trade or an institutional fund mark prices the stock again.

How much has Third Wave Automation raised?

Third Wave Automation has raised $96 million in total; 2 of its rounds are on record. The largest on record was a $27 million Series C in Oct 2024.

Third Wave Automation investors

11 investors are on record for Third Wave Automation, including Qualcomm Ventures, Norwest, Innovation Endeavors and Toyota Ventures. By type, the record holds 5 venture capital firms, 1 family office and 1 growth equity firm. The Series C in Oct 2024 drew 4 investors.

Comparable companies

Comparable other hardware names by valuation on PrivateMarketView: RightHand Robotics ($245 million), Starship ($162 million) and OpenTrons ($137 million).

About Third Wave Automation

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.

Industry
Other Hardware
Sector
Information Technology
HQ
Union City, CA, United States
Founded
2018
Employees
57
Ownership
Privately Held (backing)

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Valuation on record
$171.3M

Third Wave Automation’s last known valuation. A PrivateMarketView mark is published once fund marks, secondary prints or a priced round let us confirm it.