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
Not available
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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.
Shared autonomy reach truck for efficient warehouse material handling.
Tool for managing autonomous fleets and monitoring workflows.
People of Third Wave Automation
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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.
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.
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Early-stage technology investments are targeted by this venture capital firm.
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Investor details for Third Wave Automation
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Investments & Acquisitions by Third Wave Automation
Investment portfolio details for Third Wave Automation
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Financial Statements - Third Wave Automation
Detailed financials for Third Wave Automation
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Third Wave Automation Comparisons
Peer comparison for Third Wave Automation
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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.
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AI and SaaS-based robots for warehouse automation are provided.
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AI-enabled robotic grippers for object picking are provided.
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Provider of a pick and place robot for e-commerce applications
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Bipedal robots are developed for locomotion, navigation, and manipulation applications.
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Automated robotic solutions are provided for warehouse operations.
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Detailed competitors of Third Wave Automation
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Latest news on Third Wave Automation
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Frequently Asked Questions about Third Wave Automation
Third Wave Automation was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Third Wave Automation is headquartered in Union City, United States.
Arshan Poursohi is the current CEO of Third Wave Automation. They have also founded this company.
Third Wave Automation is a funded company, having raised a total of $82M across 4 funding rounds to date.
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.
Third Wave Automation's top competitors include GreyOrange, Agility Robotics and Vecna Robotics.
Third Wave Automation offers TWA Reach and ArmadaFMS.
Third Wave Automation has 10 investors. Key investors include Zebra, Norwest Venture Partners, Qualcomm Ventures, Woven Capital, and Innovation Endeavors.