True Ventures

Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today's growing markets. With more than 40 team members including special advisors, operations professionals, and founders-turned-investors, True represents one of the largest and most experienced teams dedicated to the ecosystem. The True team believes creativity flourishes when founders are supported fully and empowered to pursue brave ideas. To that end, the True Platform offers programs that inspire professional and personal growth. To date, True has helped more than 350 companies launch and scale their businesses, creating over 85,000 jobs worldwide. True was awarded Venture Firm of the Year by the National Venture Capital Association in 2018. To learn more, visit www.trueventures.com.

Phil Black

Co-Founder

Sahiti Enjeti

Associate

Amy Errett

Partner

Ulrike Kellmereit

CFO

Fiona O'Donnell McCarthy

Principal

Natasha Sharma

Principal

Rohit Sharma

Partner

Jim Stewart

COO

Priscilla Tyler

Senior Associate

Past deals in Industrial Automation

Scythe

Series B in 2023
Scythe Robotics is a robotics company that develops autonomous machines to tackle challenges in unstructured outdoor environments. Scythe aims to provide advanced and sustainable autonomous technology for maintaining off-road environments safely, effectively, and responsibly. Founded in 2018, Scythe is headquartered in Longmont, Colorado.

tray.io

Series C in 2022
Tray.io provides a cloud-based software integration platform for automators. Tray.io believes that any organization can and should automate. With the Tray Platform, citizen automators throughout organizations can easily automate complex processes through a powerful, flexible platform, and can connect their entire cloud stack thanks to APIs. With Tray.io’s visual workflow builder, customers can create automation to drive their business processes without writing a single line of code.

Fixposition

Seed Round in 2021
Fixposition simplifies autonomous navigation by increasing reliability and expanding availability of precise positioning. The combination of cutting edge computer vision techniques and leading satellite navigation know-how allows Fixposition to develop products that provide high-precision and ultra-reliable navigation. The positioning is on centimetre accurate-level and stays operational in challenging environments, such as so-called urban-canyons, forests, or generally places with limited satellite signal reception. This facilitates a wide variety of tasks such as off-road autonomous robots, industrial drone inspection, high-precision control of autonomous machines, and many others that need precise positioning.

KEWAZO

Series A in 2021
KEWAZO is digitizing construction with robotics and data analytics. We integrate robotic platforms on-site to enable digital services. In scaffolding, our robotic material hoist LIFTBOT saves up to 44% of labor costs, addresses labor shortage, and improves safety. By having our robots on-site, we collect operational data and provide it to our customers in the form of a data analytics platform, enabling more proactive management of both individual projects and companies overall.

Scythe

Series A in 2021
Scythe Robotics is a robotics company that develops autonomous machines to tackle challenges in unstructured outdoor environments. Scythe aims to provide advanced and sustainable autonomous technology for maintaining off-road environments safely, effectively, and responsibly. Founded in 2018, Scythe is headquartered in Longmont, Colorado.

Bear Flag Robotics

Seed Round in 2021
Bear Flag Robotics is an ag-tech company developing autonomous technology for farm tractors to increase productivity and improve safety. The solution gathers data on field patterns to provide predictive analytics that helps growers better plan each season. It can be controlled and commanded from a central mission control who gets real-time information about everything happening on a tractor that enables farmers to reduce input and increase production yield easily. Co-Founders Igino Cafiero and Aubrey Donnellan founded the company in 2017 in Newark, California.

Scythe

Venture Round in 2020
Scythe Robotics is a robotics company that develops autonomous machines to tackle challenges in unstructured outdoor environments. Scythe aims to provide advanced and sustainable autonomous technology for maintaining off-road environments safely, effectively, and responsibly. Founded in 2018, Scythe is headquartered in Longmont, Colorado.

Fixposition

Seed Round in 2019
Fixposition simplifies autonomous navigation by increasing reliability and expanding availability of precise positioning. The combination of cutting edge computer vision techniques and leading satellite navigation know-how allows Fixposition to develop products that provide high-precision and ultra-reliable navigation. The positioning is on centimetre accurate-level and stays operational in challenging environments, such as so-called urban-canyons, forests, or generally places with limited satellite signal reception. This facilitates a wide variety of tasks such as off-road autonomous robots, industrial drone inspection, high-precision control of autonomous machines, and many others that need precise positioning.

tray.io

Series C in 2019
Tray.io provides a cloud-based software integration platform for automators. Tray.io believes that any organization can and should automate. With the Tray Platform, citizen automators throughout organizations can easily automate complex processes through a powerful, flexible platform, and can connect their entire cloud stack thanks to APIs. With Tray.io’s visual workflow builder, customers can create automation to drive their business processes without writing a single line of code.

Mesmer

Series A in 2019
Mesmer is a Robotics Process Automation for Software Development (RPAD) company. The AI-powered bots will help them to create beautiful apps at a speed not possible today and they believe the way software gets created will change radically over the next decade. It also handles all of it with a full-stack customer experience testing solution. Mesmer provides products including bug reporter, infrastructure builder, autonomous crawler, UAT creator, test generator, and test runner. The company is based in Palo Alto, California, USA.

tray.io

Series B in 2019
Tray.io provides a cloud-based software integration platform for automators. Tray.io believes that any organization can and should automate. With the Tray Platform, citizen automators throughout organizations can easily automate complex processes through a powerful, flexible platform, and can connect their entire cloud stack thanks to APIs. With Tray.io’s visual workflow builder, customers can create automation to drive their business processes without writing a single line of code.

Avidbots Corp.

Series B in 2019
Avidbots vision is to bring robots to everyday life to expand human potential. Avidbots first product is NEO - the world's smartest autonomous scrubbing robot. NEO is trusted by some of the best managed airports, retail malls, hospitals, colleges, industrial sites, museums, warehouses, etc in 7 countries and counting.

Bear Flag Robotics

Seed Round in 2018
Bear Flag Robotics is an ag-tech company developing autonomous technology for farm tractors to increase productivity and improve safety. The solution gathers data on field patterns to provide predictive analytics that helps growers better plan each season. It can be controlled and commanded from a central mission control who gets real-time information about everything happening on a tractor that enables farmers to reduce input and increase production yield easily. Co-Founders Igino Cafiero and Aubrey Donnellan founded the company in 2017 in Newark, California.

Puppet

Series F in 2018
Puppet is an information technology company. They provide automation solutions for configuration management, compliance, CI, CD, patch management, and IT automation. Their software tools include development, management, version control, and code-analysis technologies and services.

tray.io

Series A in 2018
Tray.io provides a cloud-based software integration platform for automators. Tray.io believes that any organization can and should automate. With the Tray Platform, citizen automators throughout organizations can easily automate complex processes through a powerful, flexible platform, and can connect their entire cloud stack thanks to APIs. With Tray.io’s visual workflow builder, customers can create automation to drive their business processes without writing a single line of code.

Petasense

Seed Round in 2018
Founded with a vision of making industrial machines smarter, Petasense is an Industrial IoT startup based in Silicon Valley. The company offers an end-to-end solution – comprised of a patent-pending wireless vibration sensor, cloud software and machine learning analytics – that helps with asset reliability and predictive maintenance. Customers are able to monitor, assess and predict the health of their critical machines in real-time. This helps them reduce unplanned downtime and lower repair costs. Petasense's clients include industry leaders like JLL, C&W Services, Silicon Valley Power and Stanford University. Petasense is backed by True Ventures, Felicis Ventures and top angel investors. The company is founded by serial entrepreneurs, Abhinav Khushraj and Arun Santhebennur, who have 25 years of combined experience in building enterprise companies, with degrees from MIT and IIT. To learn more about Petasense, visit www.petasense.com.

Mesmer

Seed Round in 2017
Mesmer is a Robotics Process Automation for Software Development (RPAD) company. The AI-powered bots will help them to create beautiful apps at a speed not possible today and they believe the way software gets created will change radically over the next decade. It also handles all of it with a full-stack customer experience testing solution. Mesmer provides products including bug reporter, infrastructure builder, autonomous crawler, UAT creator, test generator, and test runner. The company is based in Palo Alto, California, USA.

Renovo Auto

Venture Round in 2017
Renovo Auto builds technology for Automated Mobility on Demand systems. Its technology merges self-driving software, data analytics, and automotive-grade safety systems into a unified high-performance solution. Renovo-enabled vehicles command hundreds of sensors generating multiple terabytes of data—each hour—on a safe, secure, and scalable platform developed in extremely demanding environments.

tray.io

Series A in 2016
Tray.io provides a cloud-based software integration platform for automators. Tray.io believes that any organization can and should automate. With the Tray Platform, citizen automators throughout organizations can easily automate complex processes through a powerful, flexible platform, and can connect their entire cloud stack thanks to APIs. With Tray.io’s visual workflow builder, customers can create automation to drive their business processes without writing a single line of code.

Tend.ai

Seed Round in 2016
Tend.ai uses machine learning to monitor and predict failure in robots and other factory equipment. It allows manufacturers to remotely control, monitor, and analyze the performance of their robots and production equipment from their mobile devices. The intelligent control software has made smart manufacturing simple and accessible for companies of all sizes, allowing them to monitor and control any robot, tending any machine, from any location. Tend.ai Cell.Mate edge device provides a secure channel for communication without exposing ports to the internet, preventing any unwanted access. It also communicates with your robot in minutes, without programming. Their machine-learning software then self-teaches a baseline of normal robot operation and begins monitoring. Tend.ai was founded in 2016 and is based in Bend, Oregon, United States.

Brava Home

Series A in 2016
Brava Home is a technology company specializing in IoT and domestic automation, focusing on enhancing the home experience, particularly in the kitchen. By integrating science, technology, and design, Brava Home aims to empower individuals to prepare better food at home, thereby saving time and fostering joy in the cooking process. The company offers consumer electronics and hardware designed to streamline cooking and food preparation, reflecting its commitment to improving everyday culinary experiences. Brava Home is also dedicated to building a talented team that shares a passion for food and innovation.

Petasense

Seed Round in 2015
Founded with a vision of making industrial machines smarter, Petasense is an Industrial IoT startup based in Silicon Valley. The company offers an end-to-end solution – comprised of a patent-pending wireless vibration sensor, cloud software and machine learning analytics – that helps with asset reliability and predictive maintenance. Customers are able to monitor, assess and predict the health of their critical machines in real-time. This helps them reduce unplanned downtime and lower repair costs. Petasense's clients include industry leaders like JLL, C&W Services, Silicon Valley Power and Stanford University. Petasense is backed by True Ventures, Felicis Ventures and top angel investors. The company is founded by serial entrepreneurs, Abhinav Khushraj and Arun Santhebennur, who have 25 years of combined experience in building enterprise companies, with degrees from MIT and IIT. To learn more about Petasense, visit www.petasense.com.

tray.io

Seed Round in 2015
Tray.io provides a cloud-based software integration platform for automators. Tray.io believes that any organization can and should automate. With the Tray Platform, citizen automators throughout organizations can easily automate complex processes through a powerful, flexible platform, and can connect their entire cloud stack thanks to APIs. With Tray.io’s visual workflow builder, customers can create automation to drive their business processes without writing a single line of code.

Renovo Auto

Seed Round in 2014
Renovo Auto builds technology for Automated Mobility on Demand systems. Its technology merges self-driving software, data analytics, and automotive-grade safety systems into a unified high-performance solution. Renovo-enabled vehicles command hundreds of sensors generating multiple terabytes of data—each hour—on a safe, secure, and scalable platform developed in extremely demanding environments.

Puppet

Series E in 2014
Puppet is an information technology company. They provide automation solutions for configuration management, compliance, CI, CD, patch management, and IT automation. Their software tools include development, management, version control, and code-analysis technologies and services.

Puppet

Series C in 2011
Puppet is an information technology company. They provide automation solutions for configuration management, compliance, CI, CD, patch management, and IT automation. Their software tools include development, management, version control, and code-analysis technologies and services.

Puppet

Series B in 2010
Puppet is an information technology company. They provide automation solutions for configuration management, compliance, CI, CD, patch management, and IT automation. Their software tools include development, management, version control, and code-analysis technologies and services.

Puppet

Series A in 2009
Puppet is an information technology company. They provide automation solutions for configuration management, compliance, CI, CD, patch management, and IT automation. Their software tools include development, management, version control, and code-analysis technologies and services.

Turnsmith

Series A in 2007
Turnsmith provides process automation solutions to lean manufacturers through an Internet gateway. It offers Kanban solution, which allows individual cells or supply chains to process automation investment, by reducing the management time and information gathering required to monitor, update, and transmit card-based replenishment needs. The company was incorporated in 2002 and is based in Durham, North Carolina.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.