Seegrid, which counts Giant Eagle as its largest investor, has received funding from venture firm G2VP at a nine-figure valuation.
Venture capital firm G2VP has invested $25m in Seegrid, a US-based autonomous industrial vehicle provider backed by retail chain Giant Eagle, at a valuation in the multi-hundred million-dollar range.
Founded in 2003, Seegrid produces autonomous vehicles such as tow tractors and pallet trucks capable of handling tons of weight at a time, for use in factories and industrial settings. It has also built a fleet management software product called Seegrid Supervisor.
The technology incorporates a navigation system that utilises cameras,…
