Trimble introduces $200M venture fund for early-stage companies
August 31, 2021 By Rock to Road Staff
Trimble has launched a new venture fund that will invest in early and growth-stage companies that align with the technology giant’s work in the construction, transportation, agriculture and geospatial industries.
The fund, called Trimble Ventures, will start with $200 million allocated for investments and focus on companies with the potential for technology-enabled innovation and disruption in digital transformation.
The technologies and solutions may be related to hardware and software applications; artificial intelligence; augmented, virtual and mixed reality; autonomy and robotics; blockchain; the Internet of Things (IoT) and analytics; and sustainability.
Companies that secure funding will also have access to expertise and insights via the partners at Trimble Ventures, and to customers, markets and distribution.
“By providing capital, industry expertise and broader access to markets for early and growth-stage companies, we can help them scale more rapidly,” says Rob Painter, Trimble’s president and CEO, in a statement.
“In addition, our partners can help extend Trimble’s platforms to better serve our collective customers. This is an exciting opportunity to accelerate innovation and effectively bring new solutions to our customers and industry.”
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