Trimble launches $200-million fund to invest in early-, growth-stage startups

New Delhi: Trimble Inc., a Nasdaq-listed hardware, software and services company, has launched Trimble Ventures that will set up a $200-million fund to invest in early and growth-stage startups.

Companies that align with Trimble's mission of transforming work in agriculture, construction, geospatial and transportation industries will be in focus, according to a statement. "The fund will launch with $200 million allocated for investments and focus on companies with potential for technology-enabled innovation and disruption in the digital transformation of the industries Trimble serves."

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; Internet of Things (IoT) and analytics; and sustainability.


"We are focused on partnering with companies that are solving important problems in the markets that align with our vision of transforming the way the world works. Innovation is a cornerstone for Trimble," President and CEO Rob Painter said.

By providing capital, industry expertise and broader access to markets for early and growth-stage companies, Trimble can help them scale more rapidly. "In addition, our partners can help extend Trimble's platforms to better serve our collective customers. This is an exciting opportunity to accelerate innovation and effectively bring new solutions to our customers and industry," Painter said.