Third Wave Automation, a provider of high-reach autonomous forklifts, has received strategic investments from Qualcomm Ventures and Zebra Technologies, bringing the startup’s total funding to $70 million.
Carlos Kokron, vice president, Qualcomm Technologies, and managing director, Qualcomm Ventures Americas, says: “The increasing adoption of advanced robotics, artificial intelligence and 5G connectivity is facilitating the use of autonomous solutions within the warehouse.
“Third Wave Automation’s shared autonomy approach with continuous learning capabilities delivers immediate value to the customers by easily integrating with existing workflows while enhancing labor productivity and safety. We are excited to invest in Third Wave Automation to bring next-generation autonomy to the forklifts.” [Read more…] about Qualcomm and Zebra invest in Third Wave Automation