Morrison Foerster advised Third Wave Automation (“TWA”), a provider of high-reach autonomous forklifts, with its strategic investment by Qualcomm Ventures and Zebra Technologies, bringing total funding to $70 million.
The strategic investment will enable TWA to accelerate new innovations as its first product expands its select pilot program. With the funding, TWA plans to expand its market offerings and accelerate new solutions for automating other classes of forklifts. TWA was founded in 2018 in Union City, Calif., to alleviate increasing supply chain stress using intelligent automation products and services.
The MoFo team advising Third Wave Automation was led by Palo Alto corporate partner Jim Ryan and corporate associate Ophir Gam.
Read the company’s press release.