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The Robot Report
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Teleo raises $16.2M to scale supervised autonomy for heavy equipment
- Teleo raised $16.2 million in Series A extension round to scale customer deployments of semi autonomous heavy equipment.
- The funding will also be used to enhance Teleo’s AI capabilities and to expand into new industries beyond construction, such as airports, waste and recycling, logistics, and warehousing.
- Teleo has announced new orders for 34 machines from nine new customers across industries like, pulp and paper, logging, port logistics, munition clearing, and agriculture.
- Teleo’s autonomy retrofit kit transforms various types of heavy equipment into semi-autonomous and remotely-operated robots.
- The approach allows one operator to oversee several machines working together from a central command center that can be situated nearby or thousands of miles away.
- Teleo can retrofit bulldozers, wheel loaders, and excavators.
- Supervised autonomy can offer a solution during labor shortages and can be used for repetitive and predictable tasks.
- The company has a global dealer partner network that includes dealer partners in the United States, Canada, Europe, Australia, North Africa, and the Middle East.
- Previous funding rounds raised $9.2 million in April 2024 and $7 million this week, both led by UP.Partners, Trousdale Ventures, F-Prime Capital, and Triatomic Capital.
- Teleo has raised $29.8 million to date since its inception in 2019.
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