# Teleo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/teleo

- Industry: Industrial Machinery
- Headquarters: Palo Alto, US
- Website: www.teleo.ai
- Total disclosed funding: $23M
- Latest round: Series A (Oct 18, 2024)
- Investors on record: 7

## About

Founded in 2019 and based in California, US, Teleo, Inc. operates as a manufacturer of autonomous heavy equipment for the construction and mining industries using artificial intelligence. The company was co-founded by Vinay Shet, a former Google product manager, and Rom Clement, a former hardware engineer at Lyft. In March 2026, HavocAI Inc., a portfolio company of Island Green Capital Management, Zero Infinity Partners, UP.Partners, Hanhwa Asset Management, Taiwania Capital, Lockheed Martin Ventures, B Capital, In-Q-Tel, Vanderbilt University Endowment, Bravo Victor Venture Capital, The Veteran Fund, New North Ventures, Outlander VC, Decisive Point, Trousdale Ventures, Alumni Ventures Group, and Scout Ventures, acquired Teleo, Inc. from Trucks Venture Capital, Y Combinator, F-Prime Capital, K9 Ventures, Trousdale Ventures, UP.Partners, and Triatomic Capital. 

The company operates as a solution provider for machine automation. The solution includes the retrofit kit that controls the machine, mesh network to cover the work site, remote command center and a backend platform to get project's insight. The March 2026 acquisition enables HavocAI Inc. to expand its autonomy stack beyond maritime systems and deploy its software across ground, air, and maritime platforms.

## Funding rounds

- Series A, Oct 18, 2024, $6M — F-Prime Capital, Trucks Venture Capital, UP.Partners, Triatomic Capital
- Series A, Apr 1, 2024, $9.2M — F-Prime Capital, Trousdale Ventures, UP.Partners
- Series A, Nov 23, 2021, $7.9M — F-Prime Capital, K9 Ventures, Y Combinator, Trucks Venture Capital, UP.Partners
- Seed, Mar 16, 2020 — Y Combinator, Trucks Venture Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Trucks Venture Capital (https://capitalatlas.ai/funds/trucks-venture-capital) — Seed, Series A
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A
- K9 Ventures (https://capitalatlas.ai/funds/k9-ventures) — Series A
- UP.Partners (https://capitalatlas.ai/funds/up-partners) — Series A
- Trousdale Ventures (https://capitalatlas.ai/funds/trousdale-ventures) — Series A
- Triatomic Capital (https://capitalatlas.ai/funds/triatomic-capital) — Series A