Sunnyvale, California, September 21, 2022 /PRNewswire/ — Trimble Ventures, Trimble’s (NASDAQ: TRMB ) corporate venture capital fund, today announced its investment in CV Robotics. San FranciscoA construction technology startup focused on revolutionizing surveying for civil engineering and infrastructure projects. This investment supports Trimble Ventures’ mission to invest in early-stage and growth-stage companies that accelerate innovation, digital transformation and sustainability—such as agriculture, construction, geospatial and transportation. Investment terms are not disclosed.
The construction industry faces various challenges including lack of skilled manpower, safety and productivity. Civ Robotics addresses these challenges with CivDot, a new autonomous surveying solution that delivers efficiency, productivity and safety on the job. CivDot is an unmanned ground vehicle (UGV) designed for civil engineering and infrastructure projects such as solar farms, roads, data centers, power plants and more. By augmenting the work of surveyors, CVDot delivers positions faster than traditional methods, accurately and efficiently marking thousands of coordinates per day.
“We focus on investing in companies that are solving important challenges in markets that align with Trimble’s mission to change the way the world works. CV Robotics technology supports surveyors and field workers and helps relieve the burden of repetitive and dangerous tasks,” he said. Aviad Almagor, Vice President, Technology Innovation at Trimble and Technology Advisor to Trimble Ventures. “CV Robotics uses Trimble’s high-precision GNSS positioning technology and navigation software to improve productivity and increase safety. This is an exciting opportunity to help accelerate innovation in autonomous, surveying and construction.”
“Trimble and our vision is locked into building automation with a focus on high standards of safety and quality,” he said. Tom of ShurunCo-Founder and CEO, CV RoboticsIt announced 5 million dollars Seed funding this morning. “With Trimble’s latest GNSS technology in our autonomous survey products, our customers can benefit from an end-to-end workflow.”
CV Robotics will be featured at the Trimble Dimensions+ user conference November 7-9 in Las Vegas.
About CV Robotics
CV Robotics is an autonomous surveying solution for civil engineering and infrastructure projects. The company’s flagship product, CVDOT, is an unmanned ground vehicle (UGV) that accurately and efficiently pinpoints thousands of coordinates per day for large-scale construction projects, empowering manpower faced with labor shortages and ongoing delays. With the push of a button and a fraction of the time, CV Robotics’ autonomous systems are growing projects including solar farms, roads, data centers, power plants, industrial development and large infrastructure. Learn more at: www.civrobotics.com.
About Trimble Ventures
In the year Launched in 2021, Trimble Ventures is a corporate venture capital fund focused on investing in early-stage and growth-stage companies aligned with a mission to transform jobs in the agriculture, construction, geospatial and transportation industries. The fund will deploy strategic capital to accelerate the growth of innovative companies and partners that complement Trimble’s products, technology platforms and support its customers’ operations. Trimble Ventures targets investing in technology and solutions companies related to hardware and software applications. artificial intelligence; augmented, virtual and mixed reality; Autonomy and robotics; ban Internet of Things (IoT) and Analytics; and sustainability.
For more information about Trimble Ventures, visit: ventures.trimble.com.
About Trimble
Trimble is an industrial technology company that is changing the way the world works by providing solutions that help our customers thrive. Core technologies in positioning, modeling, communication and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information on Trimble (NASDAQ: TRMB ), visit: www.trimble.com.
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