Trimble launches investment fund focused on digital transformation
By Andy Brown31 August 2021
Trimble has announced the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies.
The fund will seek to accelerate the digital transformation of the agriculture, construction, geospatial and transportation industries.
It will launch with US$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 also provide hands-on expertise and insights and access to customers, markets and distribution.
Early and growth-stage
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.”