Nasdaq-listed technology firm Trimble has launched Trimble Ventures, a $ 200 million venture fund to invest in innovative early-stage and growth companies.
According to the company statement, Trimble Ventures will invest in early and growth stage innovative companies that align with its mission to transform work in the agriculture, construction, geospatial and transportation industries.
Trimble’s core technologies enable your customers to work better; improve productivity, quality, safety, transparency and sustainability.
Trimble Ventures will invest in companies with technologies and solutions 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.
“We are focused on partnering with companies that are solving important problems in markets that align with our vision of transforming the way the world works. Innovation is a cornerstone for Trimble. By providing capital, industry expertise and a broader access to markets for early-stage and growth companies, Trimble can help them scale faster. Additionally, our partners can help expand Trimble platforms to better serve our collective customers. This is an exciting opportunity to accelerate innovation and effectively bring new solutions to our customers and to the industry, “said Trimble President and CEO Rob Painter.
Trimble is an industrial technology company that transforms the way the world works by delivering products and services that connect the physical and digital worlds. Leading technologies in positioning, modeling, connectivity, and data analytics enable customers to improve productivity, quality, safety, and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation, and logistics.
Trimble Ventures appears to be very promising for startups in the tech space. With several emerging startups in this segment, the fund will go a long way to help them take their startups to the next level.
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