SUNNYVALE, Calif., Aug. 4, 2021 /PRNewswire/ -- Trimble (NASDAQ:
TRMB) announced today the creation of Trimble Ventures, a venture
fund focused on investing in early and growth-stage innovative
companies that align with Trimble's mission of transforming work in
the agriculture, construction, geospatial and transportation
industries.
The fund will launch with $200 million allocated for
investments and focus on companies with the potential for
technology-enabled innovation and disruption in the digital
transformation of the industries Trimble serves. In addition to an
investment, Trimble Ventures will bring unique value to partner
companies by offering hands-on expertise and insights, industry
experience and access to customers, markets and distribution.
Trimble Ventures will deploy strategic capital to accelerate the
growth of innovative companies and partners that complement
Trimble's products, technology platforms and support its customer's
work. The fund will invest in early and growth-stage companies
with technologies and solutions related to hardware and software
applications; artificial intelligence; augmented, virtual and mixed
reality; autonomy and robotics; blockchain; the Internet of Things
(IoT) and analytics; and sustainability.
"We are focused on partnering with companies that are solving
important problems in markets that align with our vision of
transforming the way the world works," said Rob Painter, Trimble's president and CEO.
"Innovation is a cornerstone for Trimble. By providing capital,
industry expertise and broader access to markets for early and
growth-stage companies, we 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."
Additional information on Trimble Ventures can be found at:
ventures.trimble.com.
About Trimble
Trimble is an industrial technology company transforming the way
the world works by delivering solutions that enable our customers
to thrive. Core technologies in positioning, modeling, connectivity
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
about Trimble (NASDAQ:TRMB), visit: www.trimble.com.
GTRMB
Media Contact:
Lea Ann McNabb
+1 408-481-7808
leaann_mcnabb@trimble.com
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SOURCE Trimble