Teleo, a company building autonomous technology for heavy equipment, has raised $16.2 million in Series A extension funds in addition to the company’s previously announced Series A funding round.
The company will primarily use the funds to scale customer deployments and continue its expansion in new industries that use heavy machinery, such as wheel loaders, terminal tractors, excavators, and more.
Teleo will also use the funds to enhance its AI capabilities, including advancing autonomous features; integrating large language models (LLMs) to further unlock operator efficiency; and collecting real-world data to continue training AI models.
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