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Teleo raises $16.2 million in Series A extension

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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.

[Read more…] about Teleo raises $16.2 million in Series A extension

Teleo secures orders for 34 autonomous vehicles for heavy industry and plans to expand beyond construction

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Teleo, a company building autonomous technology for heavy construction equipment, is expanding its strategic focus to deploy autonomous heavy machinery – such as wheel loaders, terminal tractors, excavators, and more – into new industries beyond construction.

The company made the announcement at UP.Partners’ UP.Summit. It also revealed that it has secured orders for 34 machines and has secured nine new customer deals in the pulp and paper; logging; port logistics; munition clearing; and agriculture industries.

Teleo is also targeting expansion into other industries such as airports; waste and recycling; logistics; warehousing; and more. Additional orders have been placed that expand Teleo’s presence in the snow removal and construction industries, including the company’s entry into the Australian market. [Read more…] about Teleo secures orders for 34 autonomous vehicles for heavy industry and plans to expand beyond construction

Tomahawk Construction employs Teleo autonomous technology to clear land for development

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Tomahawk Construction is developing land to create a new 700-acre residential community in Naples, Florida. It is also among the many heavy construction companies looking for ways to overcome an ongoing labor shortage plaguing the industry.

“We really have just had a hard time getting people into haul trucks,” says Tomahawk owner Scott Lyons.

The labor shortage isn’t going away anytime soon. As experienced operators retire, the industry is struggling to attract much-needed new operators to fill job vacancies, resulting in spiraling project costs and timelines.

[Read more…] about Tomahawk Construction employs Teleo autonomous technology to clear land for development

Teleo and Storm Equipment introduce ‘America’s only’ remote-operated and autonomous industrial snow plow

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Teleo, a company building autonomous technology for heavy construction equipment, and Storm Equipment, one of the largest distributors of commercial snow plow equipment, have jointly launched what they say is “the only remote-operated and autonomous industrial snow plow commercially offered in the United States”.

With support from Teleo dealer RDO Equipment Co., the companies worked to retrofit a John Deere 332G skid steer loader with Storm Equipment’s Metal Pless snow plow blade and Teleo Supervised Autonomy, Teleo’s technology that enables remote and autonomous operations.

The machine is designed for mass snow clearing in large open areas such as industrial parking lots. Customers can order the retrofit of any make and model of heavy equipment for remote-operated and autonomous operations from Teleo, along with an autonomous-ready snow plow blade properly sized for each machine type from Storm Equipment. [Read more…] about Teleo and Storm Equipment introduce ‘America’s only’ remote-operated and autonomous industrial snow plow

Teleo launches autonomous technology for heavy construction equipment, reports orders for 42 machines already

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Teleo, a company building autonomous technology for heavy construction equipment, says Florida-based Tomahawk Construction will become the first customer to deploy its autonomous capabilities on an active job site.

Tomahawk Construction’s articulated dump trucks will be able to use autonomous functions to move material to build a residential community in Naples, FL starting in December.

In addition, Teleo announced deals with eight new construction customers, including Florida-based Ajax Paving Industries of FL. Collectively, Teleo’s new customers have placed orders for 42 machines. [Read more…] about Teleo launches autonomous technology for heavy construction equipment, reports orders for 42 machines already

Autonomous construction equipment company Teleo signs up new customers and expands worldwide

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Teleo, a company building autonomous technology for heavy construction equipment, has agreed deals with construction customers John Aarts Group, Teichert and Tomahawk Construction for remote-operated wheel loaders, bulldozers, and dump trucks, respectively.

In addition, Teleo has announced the company is expanding globally through a new dealer partner network spanning across the United States, Europe and Canada with partners Dobbs Positioning Solutions, RDO Equipment, SMS Equipment and SR-O Technology.

Construction and mining work is skilled, physically demanding and often dangerous. According to the Associated General Contractors of America, 91 percent of construction firms are having a hard time finding workers to hire, driving up costs and project delays. [Read more…] about Autonomous construction equipment company Teleo signs up new customers and expands worldwide