When was Third Wave Automation founded?

Third Wave Automation was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is Third Wave Automation located?

Third Wave Automation is headquartered in Union City, United States. It is registered at 30118 Eigenbrodt Way, Union City, CA 94587.

Who is the current CEO of Third Wave Automation?

Arshan Poursohi of Third Wave Automation. They have also founded 1 company.

How many employees does Third Wave Automation have?

As of Jun 30, 2026, the latest employee count at Third Wave Automation is 43.

Is Third Wave Automation a funded company?

Third Wave Automation is a funded company, having raised a total of $97M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 23, 2020.

How much is Third Wave Automation worth?

The latest valuation of Third Wave Automation is $***** as of Oct 01, 2024.

When was the latest funding round of Third Wave Automation?

Third Wave Automation's latest funding was a $***** Series C round on Oct 30, 2024, with participation from 4 investors.

Where does Third Wave Automation rank among its competitors?

Third Wave Automation ranks 5th amongst 207 active competitors, of which 52 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Dexterity, which secured $5M in May, 2026.

Who are the top competitors of Third Wave Automation?

Third Wave Automation's top competitors include GreyOrange, Zebra and Geekplus. Among them, Dexterity secured the most recent funding round in May, 2026.

Third Wave Automation - 2026 Company Profile, Team, Funding & Competitors

Third Wave Automation is a series C company based in Union City (United States), founded in 2018 by Julian Mason, Arshan Poursohi and James Davidson. It operates as a Developer of autonomous forklift solutions for warehouse material handling operations. Third Wave Automation has raised $97M in funding from investors like Qualcomm Ventures, Innovation Endeavors and Zebra, with a current valuation of $*****. The company has 207 active competitors, including 52 funded and 32 that have exited. Its top competitors include companies like GreyOrange, Zebra and Geekplus.

Company Details

Developer of autonomous forklift solutions for warehouse material handling operations. The company provides autonomous reach trucks and fleet management systems. These systems offer remote operation and assistance capabilities. The technology adapts to existing workflows, delivering automated movement of material and inventory. The company offers a robots-as-a-service model.

Website: thirdwave.ai
Social
Email ID: *****@thirdwave.ai
Phone Number: +1 **********
Registered Address: 30118 Eigenbrodt Way, Union City, CA 94587

Key Metrics

Founded Year

2018

Location

Union City, United States

Stage

Series C

Total Funding

$97M in 4 rounds

Latest Funding Round

Series C, Oct 30, 2024, $*****

Post Money Valuation

$***** as on Oct 01, 2024

Investors

Qualcomm Ventures & 10 more

Ranked

5^th among 207 active competitors

Employee Count

43 as on Jun 30, 2026

Similar Companies

GreyOrange & 873 more

View Third Wave Automation's full profile

Third Wave Automation is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
THIRD WAVE AUTOMATION, INC CIN: - , Belgium, Active	May 07, 2018	-	-	-

Third Wave Automation has raised a total funding of $97M over 4 rounds. Its first funding round was on Jun 23, 2020. Its latest funding round was a Series C round on Oct 30, 2024 for $*****. 4 investors participated in its latest round. Third Wave Automation has 11 institutional investors.

Here is the list of recent funding rounds of Third Wave Automation:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 30, 2024	8875326	Series C	5682331	3955338	8922591	1620904
Feb 15, 2023	6942921	Series B	9043523	5579113	4262112	6293035
Aug 04, 2021	1373263	Series B	1022781	4786440	Norwest	Innovation Endeavors & 2 more

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View details of Third Wave Automation's funding rounds and investors

The founders of Third Wave Automation are Julian Mason, Arshan Poursohi and James Davidson. Arshan Poursohi is the CEO of Third Wave Automation.

Here are the details of Third Wave Automation's key team members:

Julian Mason: Co-Founder of Third Wave Automation.
Arshan Poursohi: Co-Founder & CEO of Third Wave Automation.
Contact Info: 1 email address
James Davidson: Former Co-Founder of Third Wave Automation.

View details of Third Wave Automation's Founder profiles and Board Members

Third Wave Automation's employee count trend

Third Wave Automation has 43 employees as of Jun 26. Here is Third Wave Automation's employee count trend over the years:

Employee count trend for Third Wave Automation

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Top competitors of Third Wave Automation include GreyOrange, Zebra and Geekplus. Here is the list of Top 10 competitors of Third Wave Automation, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GreyOrange 2012, Suwanee (United States), Series D	Provider of warehouse and in-store automation solutions using artificial intelligence	$545M	Mithril, Tiger Global Management & 56 others	74/100
2nd	Zebra 1969, United States, Public	Manufacturer of mobile computers, barcode scanners, printers, RFID, and software	-	Greenleaf Trust, Tykhe Ventures & 1 others	73/100
3rd	Geekplus 2015, Beijing (China), Public	Provider of robotics solutions for warehouse and logistics automation needs	$532M	Warburg Pincus, Gaorong Capital & 16 others	71/100
4th	Kindred 2014, San Francisco (United States), Acquired	Developer of AI-powered robotics for picking placing sorting automation	$28M	Eclipse, Tencent & 11 others	71/100
5th	Third Wave Automation 2018, Union City (United States), Series C	Developer of autonomous forklift solutions for warehouse material handling operations	$97M	Norwest, Zebra & 9 others	71/100
6th	Agility Robotics 2015, Salem (United States), Series C	Developer of robots and a cloud-based automation platform for logistics operations	$180M	Playground Global, DCVC & 20 others	69/100
7th	Symbotic 2007, Wilmington (United States), Public	Developer of warehouse automation solutions based on AI and Robotics technology	-	-	68/100
8th	Pickle Robot 2018, Cambridge (United States), Series B	Developer of AI-powered robotic systems for warehouse and supply chain automation	$87M	Ranpak, RRE Ventures & 12 others	67/100
9th	Dexterity 2017, Redwood City (United States), Series B	AI that powers robots to do physical tasks	$296M	Lightspeed Venture Partners, Kleiner Perkins ... & 13 others	65/100
10th	Exotec 2015, Croix (France), Series D	Provider of warehouse automation systems featuring robots, software, and modular design	$446M	IRIS, Goldman Sachs & 6 others	65/100