Silicon Valley investors are increasing bets on a Pittsburgh company that turns a venerable machine of the past century of industrialization⏤the forklift⏤into a driver of the e-commerce boom.
Seegrid Corp., a maker of autonomous forklifts and robot-powered vehicles used to move materials around warehouses and factories, just closed on equity financing totaling $52 million from Menlo, California-based venture fund G2VP LLC and an undisclosed group of tech and robotics investors.
“2021 is looking to be an even bigger and better year,” said Seegrid Chief Executive Officer Jim Rock. “We’re adding customers like mad and our existing customers are adding more, so it’s a good time to be in the robot business.”
