About Third Wave Automation
Third Wave Automation is a company based in Union City (United States) founded in 2018 by Arshan Poursohi and Julian Mason.. Third Wave Automation has raised $82 million across 4 funding rounds from investors including Zebra, Norwest Venture Partners and Qualcomm Ventures. Third Wave Automation offers products and services including TWA Reach and ArmadaFMS. Third Wave Automation operates in a competitive market with competitors including GreyOrange, RightHand Robotics, Kindred, Agility Robotics and Locus Robotics, among others.
- Headquarter Union City, United States
- Founders Arshan Poursohi, Julian Mason
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Sectors
Transportation, Automotive & LogisticsRetail Technology Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Third Wave Automation, 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
$82 M (USD)
in 4 rounds
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Latest Funding Round
$27 M (USD), Series C
Oct 30, 2024
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Investors
Zebra
& 9 more
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Employee Count
Employee Count
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Products & Services of Third Wave Automation
Third Wave Automation offers a comprehensive portfolio of products and services, including TWA Reach and ArmadaFMS. 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.
Shared autonomy reach truck for efficient warehouse material handling.
Tool for managing autonomous fleets and monitoring workflows.
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Funding Insights of Third Wave Automation
Third Wave Automation has successfully raised a total of $82M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $27 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 C — $27.0M
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First Round
First Round
(23 Jun 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series C - Third Wave Automation | Valuation | Woven Capital | |
| Feb, 2023 | Amount | Series B - Third Wave Automation | Valuation | Zebra , Qualcomm Ventures |
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| Aug, 2021 | Amount | Series B - Third Wave Automation | Valuation | Norwest Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Third Wave Automation
Third Wave Automation has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Zebra, Norwest Venture Partners and Qualcomm Ventures. 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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Global funding is provided to growth-stage mobility ventures.
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Early-stage technology investments are targeted by this venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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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 Third Wave Automation
| 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 - Third Wave Automation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Third Wave Automation Comparisons
Competitors of Third Wave Automation
Third Wave Automation 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 GreyOrange, RightHand Robotics, Kindred, Agility Robotics and Locus Robotics, 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 |
AI and SaaS-based robots for warehouse automation are provided.
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| domain | founded_year | HQ Location |
AI-enabled robotic grippers for object picking are provided.
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| domain | founded_year | HQ Location |
Provider of a pick and place robot for e-commerce applications
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| domain | founded_year | HQ Location |
Bipedal robots are developed for locomotion, navigation, and manipulation applications.
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| domain | founded_year | HQ Location |
Automated robotic solutions are provided for warehouse operations.
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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 Third Wave Automation
Frequently Asked Questions about Third Wave Automation
When was Third Wave Automation founded?
Third Wave Automation was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Third Wave Automation located?
Third Wave Automation is headquartered in Union City, United States.
Who is the current CEO of Third Wave Automation?
Arshan Poursohi is the current CEO of Third Wave Automation. They have also founded this company.
Is Third Wave Automation a funded company?
Third Wave Automation is a funded company, having raised a total of $82M across 4 funding rounds to date. The company's 1st funding round was a Series B of $40M, raised on Jun 23, 2020.
What does Third Wave Automation do?
Third Wave Automation was founded in 2018 and is based in Union City, United States. Robotics software is developed for the supply chain and logistics sectors, focusing on autonomous material handling and picking in warehouses. Site-specific vehicle navigation is enabled, along with infrastructure-free pallet handling that adjusts to varying floor layouts and operational demands. Cloud integration supports adaptive warehouse solutions.
Who are the top competitors of Third Wave Automation?
Third Wave Automation's top competitors include GreyOrange, Agility Robotics and Vecna Robotics.
What products or services does Third Wave Automation offer?
Third Wave Automation offers TWA Reach and ArmadaFMS.
Who are Third Wave Automation's investors?
Third Wave Automation has 10 investors. Key investors include Zebra, Norwest Venture Partners, Qualcomm Ventures, Woven Capital, and Innovation Endeavors.
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