About Teleo
Teleo is a company based in Palo Alto (United States) founded in 2019 by Rom Clement and Vinay Shet. It operates as a AI-as-a-Service, and Product-as-a-Service. Teleo has raised $28.33 million across 4 funding rounds from investors including UP Partners, Triatomic Capital and F-Prime Capital. The company has 17 employees as of December 31, 2022. Teleo offers products and services including Teleo Supervised Autonomy and Universal Retrofit Kit. Teleo operates in a competitive market with competitors including Sea Machines, Ready Robotics, Tomahawk Robotics, Cogniteam and Symb, among others.
- Headquarter Palo Alto, United States
- Employees 17 as on 31 Dec, 2022
- Founders Rom Clement, Vinay Shet
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Sectors
Real Estate & ConstructionNatural Resources Technology Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
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- Legal Name Teleo, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.33 M (USD)
in 4 rounds
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Latest Funding Round
$7 M (USD), Series A
Oct 18, 2024
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Investors
UP Partners
& 6 more
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Employee Count
17
as on Dec 31, 2022
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Products & Services of Teleo
Teleo offers a comprehensive portfolio of products and services, including Teleo Supervised Autonomy and Universal Retrofit Kit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Heavy machinery is operated remotely with supervised autonomy.
Equipment is retrofitted for remote and autonomous operation.
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Funding Insights of Teleo
Teleo has successfully raised a total of $28.33M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $7.0M
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First Round
First Round
(18 Mar 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - Teleo | Valuation | UP Partners , Triatomic |
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| Apr, 2024 | Amount | Series A - Teleo | Valuation | UP Partners , Trousdale Ventures |
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| Dec, 2021 | Amount | Series A - Teleo | Valuation | UP Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Teleo
Teleo has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include UP Partners, Triatomic Capital and F-Prime Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in mobility sectors are made by UP Partners.
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Founded Year | Domain | Location | |
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Triatomic Capital is focused on investing in century-defining technological themes.
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Founded Year | Domain | Location | |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Teleo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Teleo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Teleo Comparisons
Competitors of Teleo
Teleo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sea Machines, Ready Robotics, Tomahawk Robotics, Cogniteam and Symb, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Unmanned surface vehicles are supplied for industrial maritime applications.
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| domain | founded_year | HQ Location |
Operating system for collaborative robots is developed using flowchart controls.
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| domain | founded_year | HQ Location |
Robots and control solutions are developed for enterprise tasks.
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| domain | founded_year | HQ Location |
AI-enabled robot navigation platform is provided for research.
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| domain | founded_year | HQ Location |
Provider of a solution that enables industrial robots to learn and execute tasks
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Teleo
Frequently Asked Questions about Teleo
When was Teleo founded?
Teleo was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Teleo located?
Teleo is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Teleo?
Vinay Shet is the current CEO of Teleo. They have also founded this company.
Is Teleo a funded company?
Teleo is a funded company, having raised a total of $28.33M across 4 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Mar 18, 2020.
How many employees does Teleo have?
As of Dec 31, 2022, the latest employee count at Teleo is 17.
What does Teleo do?
Teleo is focused on providing supervised autonomy solutions for heavy machinery in the construction and manufacturing sectors. Equipment is retrofitted with proprietary technology to enable remote operation and semi-autonomous functionality. Operational efficiency is enhanced by allowing one operator to supervise multiple machines. Safety and workforce accessibility are improved through remote command centers. Partnerships with industry leaders and global dealer networks are established to expand reach and impact.
Who are the top competitors of Teleo?
Teleo's top competitors include Tomahawk Robotics, Ready Robotics and Vemcon.
What products or services does Teleo offer?
Teleo offers Teleo Supervised Autonomy and Universal Retrofit Kit.
Who are Teleo's investors?
Teleo has 7 investors. Key investors include UP Partners, Triatomic Capital, F-Prime Capital, Trucks Venture Capital, and Trousdale Ventures.
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