Third Wave Automation

Third Wave Automation Inc.Founded in 2018 and headquartered in Union City, US, Third Wave Automation specializes in autonomous solutions for material handling. The company was established by Arshan Poursohi, James Davidson, and Julian Mason.Third Wave Automation specializes in autonomous material handling solutions, primarily through its flagship products, the TWA Reach forklifts and the Armada Fleet Management System (ArmadaFMS). The TWA Reach forklifts operate under a hybrid model of shared autonomy, allowing them to function independently while being overseen by human operators who can assist when needed. This system is designed to optimize warehouse operations by enabling one operator to manage up to ten autonomous forklifts simultaneously., where over 31,000 forklift operator roles remain unfilled.Third Wave Automation generates revenue through a Robots-as-a-Service (RaaS) model, which allows clients to subscribe for a fixed monthly fee to access the TWA Reach forklifts and the ArmadaFMS. This model reduces capital expenditure (CapEx) and total cost of ownership (TCO) challenges associated with purchasing robotics outright.In October 2024, Third Wave Automation Inc. The company plans to introduce new products designed to further streamline warehouse operations and expand its market presence in North America by targeting logistics and distribution firms looking to innovate their operations.

1. Series C

   Oct 30, 2024

   Amount

   $27M

   Investors

   Locked

2. Series B

   Aug 4, 2021

   Amount

   $40M

   Investors

   Locked

3. Series A

   Jun 21, 2020

   Amount

   $15M

   Investors

   Locked

4. Seed

   Jul 24, 2018

   Amount

   $4M

   Investors

   Locked